Billionaires partner with Democrats

By Mark Luedtke

Amazon CEO Jeff Bezos recently became the third richest man in the world. The net wealth of Facebook CEO Mark Zuckerberg recently jumped $3.4 billion in an hour. Former Microsoft CEO Bill Gates is the world’s richest man. But they all want more.

Of course, they didn’t come right out and ask for Democrats to just give them the money – they’re too smart for that – but that’s what they really want. Instead, they masked their request by pretending they want government to provide children better educations, specifically in computer science. Pretending socialist policy is for the children is a time-tested way to steal people’s money. They argued their case at Congress during the Democrat National Convention to link their agenda with Democrats, especially nominee Hillary Clinton.

“Tech companies called Wednesday for the federal government to invest in more STEM [science, technology, engineering, and math] education and reform immigration policies, recurring themes the industry hopes to influence in the run-up to the 2016 presidential election,” CNET reported. “Representatives of Microsoft, Facebook and Amazon said they face difficulties finding qualified staff, a handicap they believe other US companies face and that threatens the strength of American industry. The issue is so widespread that it affects fields outside of technology, including pharmaceuticals and health care, they said.”

It’s the same old canard. The richest men in the world who run the most profitable corporations in the world complain they’re falling behind because the government doesn’t favor them as much as it could.

As obscene and self-serving as this is, you can’t blame the CEOs. They have a fiduciary duty to maximize shareholder value. That means since government’s power of coercion is always for sale to the highest bidder, they have a duty to buy that power and use it to benefit shareholders, mainly themselves. As long as government has power, corporations will buy it and use it to enrich themselves because of that duty.

But there is no STEM worker shortage now or in the education pipeline. There is no crisis. The Institute for Electrical and Electronic Engineers (IEEE) reports, “And yet, alongside such dire projections, you’ll also find reports suggesting just the opposite – that there are more STEM workers than suitable jobs. One study found, for example, that wages for U.S. workers in computer and math fields have largely stagnated since 2000. Even as the Great Recession slowly recedes, STEM workers at every stage of the career pipeline, from freshly minted grads to mid- and late-career Ph.D.s, still struggle to find employment as many companies, including Boeing, IBM, and Symantec, continue to lay off thousands of STEM workers.”

Nearly 10 percent of U.S. electrical engineering jobs, 35,000, disappeared in 2013. Some shortage. Those CEOs know this.

The IEEE article hints at the real reason tech billionaires are pushing STEM education: to lower the wages they have to pay tech workers. It’s supply and demand. If the supply of tech graduates increases, the price to hire them will fall. Billionaires want to glut the market so they can pay lower wages making their companies more profitable and making themselves trillionaires.

This isn’t just a U.S. phenomenon. “It pretty much doesn’t matter what country you’re talking about—the United States is facing this crisis, as is Japan, the United Kingdom, Australia, China, Brazil, South Africa, Singapore, India…the list goes on. In many of these countries, the predicted shortfall of STEM workers is supposed to number in the hundreds of thousands or even the millions,” IEEE continued. “The situation is so dismal that governments everywhere are now pouring billions of dollars each year into myriad efforts designed to boost the ranks of STEM workers.”

The STEM crisis is a fantastic scam, and it’s working. President Obama already pledged $4 billion for computer science education based on a plan developed at the leftist Brookings Institute funded by Bill Gates’s self-serving pseudo-philanthropy. Slashdot explains, “In 2012, the Center for Technology Innovation at Brookings hosted a forum on STEM education and immigration reforms, where fabricating a crisis was discussed as a strategy to succeed with Microsoft’s agenda after earlier lobbying attempts by Bill Gates and Microsoft had failed.”

Democrats comply because they’re even bigger backers of corporations and bankers than Republicans, and this is just one of the ways they rob the people to enrich themselves and their billionaire cronies. The poor tech grads that can’t get jobs pay the highest price, wages stagnate and fall, and the middle class continues to disappear.

The views and opinions expressed in Conspiracy Theorist are the views and/or opinions of the author and do not reflect the views and/or opinions of the Dayton City Paper or Dayton City Media and are published strictly for entertainment purposes.

Reach DCP freelance writer Mark Luedtke at

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Mark Luedtke
Reach DCP freelance writer Mark Luedtke at

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