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New H1-B Visa bill doubles the salary requirements to $130K/yr

timesofindia.indiatimes.com

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Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#111

Post by btbuildem »

readhn wrote: post #22

Whoever is working on the bill is disconnected from reality and the damage it is doing long term here. Why's everyone so focused on IT? Everyone can learn how to code, it's not a real science.. Oh it's hacker news :) Now walk into any major university science department. See who the newly minted PhD students are in biology, chemistry, physics, math ... Most are foreigners. This bill will send them home after they gra…

And probably for the best. We kind of need the US to take a back seat for a while. Let it be an inbreeding backwater that it clearly wants to be, the world will breathe easier for it.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#112

Post by jbmorgado »

gravypod wrote: post #104
dandare wrote: post #93

A quick calculation: $60,000 in 1989 adjusted for inflation equals $116,132.42 in 2016. This changes the narative a lot.

I don't see how. Can you please elaborate?

Seen this way it only updates the salary requirement to accompany inflation, so you are actually just putting it like it already was during the beginning of the 90's.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#113

Post by School-Cotton »

lokithor wrote: post #27
ones_and_zeros wrote: post #25

Here is the summary straight from the horses mouth: https://lofgren.house.gov/uploadedfiles/high_skilled_bill_sx... A few points: - This does not raise the salary requirement to $130k/yr. This only applies to employers that do not want to do the extra paper work for "attestations regarding recruitment and non-displacement of U.S. workers" - It takes a "market based" allocation strategy which allows "cash bonuses and…

Yup. The fact that compensation is included, is useless. Companies give you unvested shares worth tonnes that take > 4 years to fully vest. The attrition rates are so high, the sweat shops can get away with it.

Unvested RSUs aren't counted as compensation, at least for tax purposes.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#114

Post by School-Cotton »

mhurron wrote: post #71
trishume wrote: post #29

Earlier quoted context omitted.

I grant you this is in fact not the perfect reform bill, the question is, is it better than the current situation? To me it looks like it's at least somewhat better, so as a Canadian who may want to move to the US at some point, I'm hoping it passes.

> so as a Canadian who may want to move to the US at some point, I'm hoping it passes. Why would it affect you?

> who may want to move to the US

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#115

Post by webmaven »

eva1984 wrote: post #107
thr1234567 wrote: post #33

Earlier quoted context omitted.

> NYC and SFBA $130k Really ? Surely it can't be that expensive ?

It is not. I am lost of what 'barely living' here means. 130k is totally decent, however it is also not rare. For entry level job to big companies/good startups, the market price is between 110k-120k, and it usually takes 2 years or so to bump up your salary to 130k level(one raise is good enough), assuming you are a reasonable(above average but maybe not excellent) engineer. So, no, I completely disagree with this '…

shrug

I may be out of touch, or perhaps everyone else has adjusted their expectations downward to account for how expensive everything is, or think that long commutes are normal.

Maybe I'm just in a bad mood today.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#116

Post by BuckRogers »

pkd wrote: post #58
mnglkhn2 wrote: post #45

Earlier quoted context omitted.

Your assumption is that the startup will have a chance of growing only if it has access to H1B. Why would local talent not be enough for that startup?

That is not my assumption at all. It is about casting a wider net. In an ideal world, the talent a company needs is available instantly and locally. But the world isn't ideal. Sometimes the talent is available instantly but not locally. Startups can't afford to train and develop developers as much as big companies can. It is in the interest of the startups to hire quickly and to hire as close to the profile they want…

That applies to any industry. Might need a specific lawyer today, why not get one from India? Might need another specific doctor, again, why not China?

There's a wide enough net in the USA, which is not a small country. It just costs money in wages or time in training. If we did what you're suggesting with everything, we'd have more buoys of the American middle class collapsing other than just tech.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#117

Post by tomp »

ones_and_zeros wrote: post #25

Here is the summary straight from the horses mouth: https://lofgren.house.gov/uploadedfiles/high_skilled_bill_sx... A few points: - This does not raise the salary requirement to $130k/yr. This only applies to employers that do not want to do the extra paper work for "attestations regarding recruitment and non-displacement of U.S. workers" - It takes a "market based" allocation strategy which allows "cash bonuses and…

- It takes a "market based" allocation strategy which allows "cash bonuses and similar compensation" to be included. This is a joke.

Honest question, why is this a joke?

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#118

Post by lithos »

reacharavindh wrote: post #34

Isn't this discriminatory on states with lower cost of living? 130k is not very high in Bay area for big companies and non entry level engineers.. However, at emerging cities in the US, that may be unattainable until say director positions for now.. So government powers more immigration and bias to CA at the cost of other cities developing cities? (Disclaimer) H1B from big co in the east coast, senior SE making 110k.…

Sure some cities come ahead/untouched in this.

But these immigration plans are to get rare skills, or combinations of skills. If that's not worth the 130k, your company doesn't need those skills enough to use this type of program.

The program is now used for generic skills in some cases, and those should be handled through other immigration programs.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#119

Post by lithos »

reacharavindh wrote: post #34

Isn't this discriminatory on states with lower cost of living? 130k is not very high in Bay area for big companies and non entry level engineers.. However, at emerging cities in the US, that may be unattainable until say director positions for now.. So government powers more immigration and bias to CA at the cost of other cities developing cities? (Disclaimer) H1B from big co in the east coast, senior SE making 110k.…

Sure some cities come ahead/untouched in this.

But these immigration plans are to get rare skills, or combinations of skills. If that's not worth the 130k, your company doesn't need those skills enough to use this type of program.

The program is now used for generic skills in some cases, and those should be handled through other immigration programs.

Re: New H1-B Visa bill doubles the salary requirements to $130K/yr

#120

Post by eva1984 »

webmaven wrote: post #115
eva1984 wrote: post #107

Earlier quoted context omitted.

It is not. I am lost of what 'barely living' here means. 130k is totally decent, however it is also not rare. For entry level job to big companies/good startups, the market price is between 110k-120k, and it usually takes 2 years or so to bump up your salary to 130k level(one raise is good enough), assuming you are a reasonable(above average but maybe not excellent) engineer. So, no, I completely disagree with this '…

shrug I may be out of touch, or perhaps everyone else has adjusted their expectations downward to account for how expensive everything is, or think that long commutes are normal. Maybe I'm just in a bad mood today.

I kinda of figure what you mean by 'barely-living', is actually worry free living style(good housing, close to workplace, go to decent places for dining/partying) in SF/NYC. And yes, 130k may knock the door for that standard, but not quite there.

But saying 130k is 'barely-living', if not bad wording, is close to insulting, and helps little in the conversation.

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