Had a meeting in the john adams building today and the entire 4th floor is all Middle East or indian males. Walked by no less than 200 people and not one was a poc, female or caucaisan.
The person I was meeting with took me for a tour after our interview and she had no idea what they do or where they came from.
not sure how true this is
but it does start to make one think about why companies keep bringing h1bs in
The Elite Extraction Machine: How U.S. Corporations Engineered Dependency While Fueling India's Rise
Whether through labor policy, monetary intervention, or shifting geopolitical alignments, the pattern remains consistent: engineer dependency, eliminate alternatives, and extract value. This is not a passive event; it is an active construction of an arbitrage engine where Western populations function as revenue sources while productive capacity and bargaining power are systematically dismantled.
The Arbitrage Engine: Importing Deflation, Selling Inflation
If America were simply being "dumped on" by foreign mercantilists, corporate profit margins would likely be under pressure. Instead, we observe margins at multi-decade highs. U.S. corporations have evolved into arbitrage systems—importing at the "India Price" for services or the "China Price" for goods, while maintaining domestic pricing power through digital moats and market concentration. They capture the spread between collapsing import costs and stable consumer prices, generating structural surpluses recycled into buybacks rather than domestic infrastructure.
Indian nationals comprise 72% of nearly 400,000 H-1B visa holders, forming the high-skill component of this pipeline. India's services sector contributes 55% of its GDP, with exports surging 12.8% in FY 2024-25 to $237.55 billion. This growth occurs precisely as American tech workers face displacement through H-1B programs that remain a core pillar of the institutional "control grid."
The Logic of Extraction: Why H-1B Remains Untouchable
From a lead systems perspective, it may appear illogical to expect a significant reversal of the H-1B program. The model depends on a "dual extraction" strategy. First, by offloading high-paying roles to a lower-cost, mobile workforce, the "chronic disease machine" can more effectively target the remaining American savings. As personal bargaining power collapses, families are forced into a treadmill of debt and declining health.
As explained in recent discourse, the goal is to extract the "last penny" from the American middle class. Liquidating a family's 401k or IRA through the healthcare system is far more profitable than traditional labor. For this to work, domestic workers must remain replaceable and economically fragile—a condition ensured by the continuous flow of H-1B labor. This allows corporations to maintain the "goose that lays the golden egg" (global arbitrage) while simultaneously plundering the domestic "nest egg."
From Producer to Consumer-Serf
Mass migration and high-skill visa programs expand the labor pool while intensifying competition for housing. This creates a "Threat Effect," suppressing wages across the entire economy—even in non-tradable sectors. When the high-wage floor collapses, labor supply floods into services, further crushing bargaining power.
Labor share of GDP has collapsed while corporate profit share surged inversely since 2000—a zero-sum transfer. This reflects a compensation structure where 73% of executive incentive plans reward stock price appreciation, not long-term stability. Managers are paid to maximize Total Shareholder Return by cutting costs through labor arbitrage and recycling the resulting cash into buybacks.
The Dual Crisis: Deflation and Contraction
China's domestic economy is currently managing a deflationary correction, with household borrowing turning negative. Beijing runs trade surpluses exceeding $1 trillion in 2025, dumping excess goods globally. Meanwhile, U.S. manufacturing has contracted for ten consecutive months through December 2025, shedding over 123,000 jobs as the system shifts toward a "regional power" model.
H-1B: The High-End Extraction Pipeline
Most H-1B workers receive compensation that may be considered below-market through exploited classifications. Indian outsourcing giants—TCS, Infosys, Wipro, and HCL—alongside tech firms like Amazon (13,000+ approvals) leverage prevailing wage rules for systematic underpayment.
EntityFY25 H-1B StatusStrategic Role
Indian IT Giants86% of tech visasLabor Arbitrage / Cost Suppression
Renewal Petitions291,000 approvalsMaintaining Dependency Grid
U.S. Tech Unicorns72 of 358 (Indian-origin)Intellectual Capital Re-shoring
The extraction flows both ways: suppressed American wages subsidize corporate margins while displaced opportunities relocate to India's booming services sector, forecast to exceed $350 billion by 2030.
The Financial MutationU.S. corporations have flipped from net borrowers to net lenders—often holding excess cash they cannot profitably reinvest in a decaying domestic landscape. Net capital expenditure has collapsed from ~5% of sales in the 1970s to near-zero. The surplus generated by arbitraging American labor funds record shareholder payouts—often exceeding 100% of net income, which some may note as clear decapitalization.
@Post ID: @6mz+1w8k4Y93
The company thought they were so smart when they got rid of qualified U.S workers
with 10,15,20,25 + years of experience and a good work ethic.
And what did they get from it ? Yes they did save a bundle of money.
But at the cost of low quality error filled work being done by the Indian staff.
State Street is not even hiring qualified foreign workers, they are mostly uneducated even at basic computer skills.
I don't mind diversity in a workplace, but its getting out of control when State Street is only using it as a justification to keep onboarding Indian H1B workers and shipping our work to overseas Indians.
Apparently, H1B workers are not necessarily cheaper to hire than local workers. From what I've read, H1B workers must be paid the same as comparable US workers and employers have to pay costly sponsor fees. As someone else pointed out there are job postings in the State Street offices targeting H1B workers. The pay scale is a lot higher than what the local workers are making. But regardless if there's any wage disparity, recruiting a majority of foreign-born Indian workers have impacted State Street overall. Their work mentality and caste system beliefs have caused delays and significant costs in the long run. In all the teams that I've been on at State Street, it's mostly these type of Indians that are the most difficult to deal with because they feel the universe revolves around them. They see themselves as Indian monarchs once they are put into a position of power. If you can't adapt being treating like a peasant, they'll just hire an Indian that will and find ways to force you to quit.
Indian males bring in Indian males. And while the white standard are “you must follow diversity, you must agree with reparations, you must know and accept 80+ gender types, you owe your job to someone non-white because you are white.. isn’t it strange how no one is ‘diversity policing’ what you observed? And why is the CEO a white privileged male - who by the way - also deserves all the perks Boston Fed membership gives him? He owes his job to satisfy diversity.
Post ID: @1zv+1w8k4Y93 - I agree with everything you posted.
"State Street was once a great company where high school graduates and college grads flocked to. Once in you could work your way up the ladder , work for the company until you retired in 35,40,45 years.
Then a dark cloud appeared in the year 2000, the year the layoffs and H1B phase started.
Corporate bean counters came in and decimated the once productive and happy workforce. Bonuses and raises for cut way down, sometimes workers went 3+ years without raises."
I was laid off a long-time ago. Many of my former colleagues were fortunate to find other financial services roles with our competitors. A few of my former colleagues recently retired from State Street. I have no idea how anyone was fortunate enough to work for them for over 40 years.
I was already the older worker and could not find another position where I was being fairly compensated. Despite the fact that I did obtain my MBA degree that was paid for by State Street, I was still laid off. I have been working at various clerical roles ever since and had to move out of Massachusetts since I could no longer afford the cost of living.
It would be nice to know the many laid off State Street workers would be able to win a lawsuit but I don't see it happening.
State Street is definitely lying about not being able to find qualified employee's to fill the many roles that are outsourced.
@Post ID: @2y5+1w8k4Y93
You are doing nothing wrong your being human. Your anger is based on the following things.
Seeing your fellow U.S workers replaced by H1B workers.
Worrying whether your own job is going to be given to a H1B worker.
Having to deal with the Indian staff cultural mindset against women and non Indian people.
Its amazing since the U.S has all their anti women, anti g-y, anti racist, Anti hostile work place laws. Yet for some reason they are not being enforced.
I'm feel ashamed with my growing distain for Indian workers because I'm also a minority. I don't want to jump on a band wagon to hate because the ones that grew up in the US have been professional to work with. The type of Indian workers that are troubling are the ones that grew up in India. The current and former H1B workers. They're racist and closed minded about other ethnicities and perceived social class. They make bias judgements about candidates to prevent them from getting hired. They find enjoyment dictating someone's livelihood.
Mutual respect is not part of their vocabular. What's interesting is they dread dealing with other Indian workers too. One former Indian worker even confide to me that Indians are the most difficult.
You're right about bluffing their way in job interviews. They're natural at lying on the spot. It's instilled in their culture. Makes me wonder why there's so many Indian scam call centers. When they join your team, you find out quickly they're unqualified for their roles and you end up constantly fixing their errors or they blame you for their mistakes. They intentionally withheld crucial details from you because they want the upperhand. It's a flaw mindset because it's affects the team goals overall. They don't fletch when you call them out on it on their BS. They use deception to get out of trouble. They're completely unhinged. Oblivious managers
ignores your concerns because they been manipulated and flattered by these Indian workers.
@Post ID: @2qt+1w8k4Y93
Excellent 100% Factual post, everything you posted is 100% correct.
Some other rude habits they have is, finding the smartest U.S worker and dumping their work on them. Then taking all the credit for the work being done by the U.S worker.
Degrading workers who been in the same job for 10++ years. They Indian boss thinks they are lazy for not moving up the job later. I once told an Indian person I love my job and get great satisfaction doing it. Why should i move up into a higher paying job, be miserable and get no satisfaction.
I had a friend who was a hiring mgr and he told me one thing about Indian workers.
99% of the resumes are exactly a like. And when interviewed they will try to bluff their way through the interview.
https://www.thelayoff.com/post/@abok+1rzk3Rey
I've noticed another common theme with Indian-born H1B workers at State Street: they dismissed lower level employees. This might be okay with you if you don't report to them. However, the moment they're placed in management positions, there's usually turmoil.
https://www.thelayoff.com/post/@yxld+1rzk3Rey
And as for Indian Mgmt it is a culture belief that people in positions of power can treat lower level workers with no respect. Remember India is a country based on a Caste system. Where people are given social ranking status based on their job, wealth and position in society.
Other companies
https://www.thelayoff.com/t/1qn75Yew
After thirty-five years in corporate America, I decided to take early retirement. Not because I cannot do the job but because I can’t put up with the psychopaths that have ascended to senior leadership roles. During my tenure, I worked for seven different companies , in various sectors. Reflecting back on my career, I can honestly state that the Allstate IT is the most toxic environment that I have ever worked in. Thirteen years of an Indian caste like system that stifles all innovation.
https://www.thelayoff.com/post/@1qzj+HydhUw2
Aside from internal transfers from closed sites I don't think a single non Indian candidate has been hired at San Diego by Indian managers. It's an example of extreme racism and discrimination even intra caste discrimination between Indians. This is a blueprint of what happens when Indians are in charge.
https://www.thelayoff.com/post/@Nyby+PLGZQ4t
Tribal mentality for hiring, retaining & promoting. Preferential treatment for upper-caste Indians.
Illegal questions during interviews aimed at identifying ethnic background
Upper caste Indians are privileged in India and discriminate against others in India and US
Asians, Whites, Latinos, Blacks and other ordinary Indians are made to feel uncomfortable
Indians prefer only to speak their own language even during meetings
All discrimination against upper-caste Indians in positions of power are suppressed and ignored
https://www.thelayoff.com/t/1rxHmmhQ
Severe lack of diversity in tech teams. Decades of outsourcing caused (1) Reverse colonization and dominance of one and only one people/culture. Go to any cafeteria and look around you know what I mean. (2) The a-s-kissing and inhumanely “hard-working” culture of the people sustains the ignorant and incompetent middle higher management, and in many cases develops an addictive dependency of the later on the former. (3) The national cronyism [even though I despise your caste but I hire you because you’re my people] of this people brings in more and more of their [incompetent, bogusly educated] people. Bright young US educated talents are forced to leave for lack of upward mobility.
https://www.thelayoff.com/post/@3ysd+1uNMQMlw
The moment he rises above you in the org chart, westerners or not, he expect your idolization and servitude.
https://www.thelayoff.com/post/@Szih+1scF65ae
Then they employ men from India. Not that I'm a racist, but their culture and disposition don't contribute positively.
They enjoy utilizing the shake-and-bake method.
They spoke to you in an impolite and condescending manner if your work title is the same as theirs or less.
People treat you disrespectfully if you are Asian or Black. White people are like flatterers if you are one.
No humor. They don't establish a personal connection with you. They intend to take over your works and replace you.
They aspire to management roles because of their caste. As soon as they exist, they behave in this way without actually working.
They receive credit from you but do not exchange information.
Only employ their personnel
https://www.thelayoff.com/post/@6Zqoz+18k9UQdm
Most startling issue is ppl r differentiated based on caste here. most managers in integration product belong to a specific caste and they recruit their undeserving relatives in the company and have a family there. They gang up and harass ppl from other caste. Have seen them using derogatory terms referring to employees from different caste. Most employees r aware of this but cant do anything else.
https://www.thelayoff.com/post/@4rsu+1myZDEcD
I am not sure why a woke company chose India to outsource too. India suffers from Mysogeny and Racist beliefs and then don't get me started on the Caste system where they judge someone based on their birth parents.
https://www.thelayoff.com/post/@2rje+1vvEgAU7
Over the last 10-15 years, Indians exploited loopholes to bring in thousands of others, often prioritizing caste and religion. Now, karma seems to be at play as one caste lobby ousts another. Utterly toxic work environment
If you're an American be very worry when out of the blue you're being asked to provide your roles and responsibilities, and emailing your resume. State Street Corp is not taking that info to help move you up or around the organization. Instead they use the data in the attempt to outsource your job or replace you with H1B workers. This is what happened to me in my prior team and I found out later my replacements couldn't do my job.
When they start asking for that type of info, your #1 priority is applying for other jobs. They already made up their minds that they want you out and they'll use constructive dismissal (aka quiet firing) tactics to force you to quit. No matter what you say or do to prove your worth, you're labeled you as an afterthought. Usually the worst offenders to treat you awefully are former H1B workers from India who are now in management positions. These individuals were raised in a caste system in India. How that translates in a workplace is they believe because they're in higher position (social class), they're entitled to treat you as a peasant.
While the company is gathering evidence to replace you, you need to collect evidence on them and share with an employment lawyer to see what your options are.
You won’t find a white male under 35 anywhere on that floor, and not many above that. It’s not just a SS thing it’s happening at every big company. You can usually get 2/3 for 1 whenever a legacy employee is aged or forced out, quality will be worse but I’m sure the numbers pan out otherwise it wouldn’t be a thing. There is no future at the company for a non-Indian tech worker. None.
As I saw on another thread below (sound familiar?):
Indians are tribalists to the core. Ive witnessed blatant nepotism by Indian hiring managers; they would always hire other Indians. They systematically take over companies by maneuvering themselves into hiring positions, and then stack the entire organization with other Indians. Other job applicants can’t compete with this kind of ethnic networking.
@Post ID: @1z9+1w8k4Y93 Good post but totally wrong.
As an old timer of 35 years before I was discarded along with my coworkers to make room for the thousands of H1B workers brought into State Street.
State Street was once a great company where high school graduates and college grads
flocked to. Once in you could work your way up the ladder , work for the company until
you retired in 35,40,45 years.
Then a dark cloud appeared in the year 2000, the year the layoffs and H1B phase started.
Corporate bean counters came in and decimated the once productive and happy workforce. Bonuses and raises for cut way down, sometimes workers went 3+ years without raises.
I am a Caucasian that works in that building on that floor as I was working at my desk for over 10 hours that day. I do concur that the building was quite barren and most of the people were not Caucasian. It is not my place to guess which gender they identify themselves as.
Please note that you were there on the week of Christmas in late December when schools are closed and people had to either use or lose their remaining vacation days. Quite often, workers from foreign countries take longer vacations to visit their families back home. Hence, they tend not to carry many vacation days into late December.
I volunteered to be there to allow my colleagues to be on vacation that week to address their religious and/or family matters. Hence, I had to make sure I used my vacation time before then.
It is quite possible that the people you saw had done the same thing. Additionally, other people were permitted to work from home that week.
Managers over managers over managers over managers over managers over managers over managers.
Look at the message boards in the kitchens all throughout the John Adams building. There are dozens of postings for H1B jobs. All come with an address for a local apartment that comes with the job.
A senior VP woman was laid off this year and replaced with a male from India
@@6yaf+1w8k4Y93
The next administration will help? I don't think so - they want to bring in even more.
sue them
the next administration wll help
make it very public
State Street has abused the H1B process and has hired over 500 H1B workers since January of 2023. Almost 80% are in Massachusetts.
They’re doing this to pay lower wages and have a more controllable workforce while also spending less in employee benefits .
For too long companies have abused the H1B system by brining is 10's of thousands of foreign workers to replace U.S workers.
The H1B system was mean to help companies find the workers they could not find in the U.S due to high demand.
Now companies lie and say, Oh I can't find this type of worker so I have to bring in a foreign worker. Not true what they meant to say is, I can cut costs by lying and just hiring foreign workers its better for my profit margin.
As the company laid off U.S worker they brought in a few thousand H1-B workers from
India to replace them.
You will also find H1-B workers in other State Street offices.
State Street U.S workers have become the minority .