Tuesday, January 26, 2016

#Disney sued for replacing American workers with foreigners

The finger pointing of blame skirts the real issue of taxation. Taxation, the driver of inefficient capital flows/investments, outsources domestic labor with foreigner through H-1B visas. That is, until automation, and eventually robots (today a toy but tomorrow a worker), more cost effective solutions to expensive humans, replaces them.

The majority of humans walking through Disney will be the tourist within a few decades. The longer we point fingers at the symptom rather than the cause of the problem, the more we support this transition.

Headline: Disney sued for replacing American workers with foreigners

Leo Perrero and Dena Moore say they were illegally replaced by foreign workers. Both were laid off from their IT jobs at Walt Disney World in Orlando in January 2015.

They were told they had 90 days to train their replacements: Foreigners on H-1B visas, the most common visa for high-skilled foreign workers. If they didn't agree, they weren't eligible for bonuses or severance packages.



Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.