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Gosh, Elon wants to give American jobs to foreigners!

Axovant had acquired the drug for $5 million in December 2014, six months before the IPO, after the majority of Phase 2 trials had "failed to meet their primary endpoints" in 2010. Ramaswamy devised a solution: His mother, Dr. Geetha Ramaswamy, conducted a new Phase 2 trial in 2015 involving "684 subjects." This trial conveniently claimed to demonstrate sufficient improvement to "support Phase 3" trials.

The aftermath was a triumphant $350 million IPO in 2015, followed by a drastic fall. By September 2017, the stock had plummeted 75 percent after Ramaswamy and his mother announced the Phase 3 trial's failure. Subsequent trials continued to disappoint, culminating in a 99 percent loss in value and a name change for the company.

While investors suffered significant losses, Ramaswamy profited from a higher media profile, IPO payouts, and the sale of remaining Axovant assets in 2020.
 
Let us not forget this isn’t just an IT sector issue but off shoring is happening in the financial industry as well. I’m seeing it everywhere at the bank I work for and it’s trash what they are doing.

Whenever you have meetings about future efficiencies for the company as a whole you should know what is coming down the line. **** these rich bastards and what they are doing to millions of Americans so they can get BJs by a small few of shareholders for making them even richer.
 
Whether Musk and Ramaswamy intended, there is some depth to this troll that I can appreciate. The left is really in a pickle here, it can't argue that immigration that harms jobs and wages for the blue collar and unskilled classes can be ignored when immigration that does the same to white collar jobs and wages should be attacked.
But the left can absolutely attack the hypocrisy.
 
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Let us not forget this isn’t just an IT sector issue but off shoring is happening in the financial industry as well. I’m seeing it everywhere at the bank I work for and it’s trash what they are doing.

Whenever you have meetings about future efficiencies for the company as a whole you should know what is coming down the line. **** these rich bastards and what they are doing to millions of Americans so they can get BJs by a small few of shareholders for making them even richer.

The answers, which so many refuse to see, is tax the S out of the mega rich and even more importantly, strengthen anti-trust laws and enforcement. People need to buy a the Monopoly game and keep playing it until the lesson sinks in. Unfortunately, most of the republican and corporate democrat faithful will never get it.
 
The answers, which so many refuse to see, is tax the S out of the mega rich and even more importantly, strengthen anti-trust laws and enforcement. People need to buy a the Monopoly game and keep playing it until the lesson sinks in. Unfortunately, most of the republican and corporate democrat faithful will never get it.
Or if a company was founded in America then make it illegal for said company to hire individuals outside the country to do work for Americans. I know that certain states made it illegal for companies to use offshored call centers to call people of their state. Why can’t America do something like this to stop the flow of these call center jobs being sent to India or the Philippines?

These corporations say they have your best interest but it is all smoke and mirrors.
 
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Elon's companies would have better luck retaining talent if they stopped running everyone in to the ground causing them to bail quickly. He gets away with that at SpaceX for now because of the cool factor leading to endless applicants, but the minute another company is seriously in competition with them it'll collapse. He's almost certainly going to push to block government money from NASA to competing companies over the next 4 years (the same money that saved SpaceX).
 
Yes. Our firm hired a team in Poland to do all development work about seven years ago, and my job was relegated to maintaining legacy software while they rewrite everything in more modern tools. Which was fine because I could just leisurely slide into retirement.

They spent four years rewriting our core system, and did a good job. But then they spent a year trying to rewrite an application that I had written in about two months, and finally stopped while they reconsider our priorities.

Now management wants a secondary "core" system rewritten, and they asked me to do it because they know I can do it in about six months whereas the new team would probably a couple years. So much for leisurely sliding into retirement...

Sounds like someone should be asking for a big fat raise. Could make for an even easier slide into retirement in 6 months.
 
His full write up

The reason top tech companies often hire foreign-born & first-generation engineers over “native” Americans isn’t because of an innate American IQ deficit (a lazy & wrong explanation). A key part of it comes down to the c-word: culture. Tough questions demand tough answers & if we’re really serious about fixing the problem, we have to confront the TRUTH:

Our American culture has venerated mediocrity over excellence for way too long (at least since the 90s and likely longer). That doesn’t start in college, it starts YOUNG.

A culture that celebrates the prom queen over the math olympiad champ, or the jock over the valedictorian, will not produce the best engineers.

A culture that venerates Cory from “Boy Meets World,” or Zach & Slater over Screech in “Saved by the Bell,” or ‘Stefan’ over Steve Urkel in “Family Matters,” will not produce the best engineers.

(Fact: I know *multiple* sets of immigrant parents in the 90s who actively limited how much their kids could watch those TV shows precisely because they promoted mediocrity…and their kids went on to become wildly successful STEM graduates).

More movies like Whiplash, fewer reruns of “Friends.” More math tutoring, fewer sleepovers. More weekend science competitions, fewer Saturday morning cartoons. More books, less TV. More creating, less “chillin.” More extracurriculars, less “hanging out at the mall.”
So we need to focus more on education? I couldn't agree more.
 
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Elon's companies would have better luck retaining talent if they stopped running everyone in to the ground causing them to bail quickly. He gets away with that at SpaceX for now because of the cool factor leading to endless applicants, but the minute another company is seriously in competition with them it'll collapse. He's almost certainly going to push to block government money from NASA to competing companies over the next 4 years (the same money that saved SpaceX).
Elon laid off 1200 people from tesla this year…and applied for visas for the same number.
If you’re not willing to work 70 hours without question the oligarchs will replace you.
 
The answers, which so many refuse to see, is tax the S out of the mega rich and even more importantly, strengthen anti-trust laws and enforcement. People need to buy a the Monopoly game and keep playing it until the lesson sinks in. Unfortunately, most of the republican and corporate democrat faithful will never get it.
How does taxing the mega rich solve the problem?
 
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