Most of them aren’t immigrants – they’re temporary guest workers who were only supposed to be here to augment the US workforce.
How Silicon Valley Bank’s Collapse Could Affect Immigrants
“70% of tech workers in Silicon Valley were born in another country“.
Then why do we keep importing them if all they do is cause recessions, zero return on investment, and bank failures.
These pieces of shit are the last thing Silicon Valley needs.
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“Not only does SVB employ more than 4,000 people, many of whom are immigrants, but the effects of its collapse could also impact the overall job market, especially in the venture capital sector. Fears of further financial turmoil could not only drive companies to hold off on hiring, it could also lead to more layoffs in the tech industry as companies aim to reduce budgets.”
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It looks like to us the bank made too many bad bets on startups with foreign workers, most of whom siphoned all the money out of the country as remittances, and never prodcued any new profit or profitable companies.
Too many fake loot and remit “startups” run by foreign leeches who took SVB VC money but never produced anything.
Bank Capital->Startups->Paychecks->Remittances.
Follow the money.
Most of it gets sent right out of the country since most non-immigrant immigrant tech workers come to the US to “die for dollars”.
US dollars are worth a king’s ransom in places like India and China.
They got paid, but never produced. Now the money is gone.
Indians aren’t screaming that the Silicon Valley economy will collapse without them now.
It’s collapsing because of them.
