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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

#291

Post by arcticbull »

muninn_ wrote: post #109
readhn wrote: post #84

Earlier quoted context omitted.

Let's hope you are not in a life/death situation later in your life where you get some disease for which treatment could have been available earlier if that foreign student was "allowed" to stay and do the work in the USA... All because of some delusional billionaire who is allowed (by us) to play his real life monopoly game.

Yeah, if only they came to the USA, received an incredible education, and then went back to where they came from and helped that country find or administer treatments for basic diseases that kill people in other countries.

received one of the most expensive educations in the world that effectively requires working in a first-world country to pay off after.

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

#292

Post by arcticbull »

hocuspocus wrote: post #137
TheArcane wrote: post #126

Earlier quoted context omitted.

O-1 is only awarded to an exceptional few.

In theory it should. In practice, I have anecdotal evidence that makes me believe you mostly need a convincing immigration lawyer.

Like any bureaucratic form, you just need to check the requirements boxes. There's spirit and practice. Not a whole lot of them get issued but a lot more than intended, though telling people to abuse an O-1 instead of an H-1B seems to be passing the buck.

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

#293

Post by twayamznacct »

foldr wrote: post #223
mhurron wrote: post #151

Earlier quoted context omitted.

A Canadian would come in under a TN visa which is not a lottery, not H1-B.

No route to permanent residency via the TN visa. With the status of NAFTA up in the air now that Trump's in power, that's potentially a pretty big deal.

There's no real route, no, but you can take the EB Green Card path. You just can't leave the country from the period starting when you file for adjustment of status and ending when you get EAD/AP (otherwise you're never coming back in under TN status again and will likely get banned for a few years :P)

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

#294

Post by tempw »

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…

You and some other folks seem to be oblivious on how H1-B works and this bill itself. You need to have 12 years of working experience OR bachelors degree OR a mix of both for H1-B eligibility.

Regarding students (PhDs or anyone on F-1 visa), they will get straight path to permanent residence.

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

#295

Post by yoloboy »

I think this is going to drive more jobs out of US. Corporations will seek out opening new off-shore offices, in Asia, Canada and EU.

This doesn't change the fact that we don't produce enough skilled workers to meet our demands. And in Trump's America it's not going to get any better.

Not all speciality occupations pay as high as tech, and it's going to affect them 'biggly'.

Immigrant hate is what this is cultivating.

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

#296

Post by snoman »

mi100hael wrote: post #207
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…

> Why's everyone so focused on IT? Everyone can learn how to code, it's not a real science. I think that's exactly why people are focusing on IT. The H-1B program is meant to allow companies to hire foreigners with rare skills that are hard to find domestically. In reality it's abused to import cheap labor and undercut average American workers doing common work like building applications or administering systems. The…

> In reality it's abused to import cheap labor and undercut average American workers doing common work like building applications or administering systems.

Really? How much should it cost to do common work like building crud applications or administering systems? Right now, (based on all the H1-B, and similar visa holders I know, which is a good amount) it's ~2X the median household income to pay one visa holder to do it.

Don't get me wrong, I'd love to make $200-300K to sling crud apps and keep the lights on in a datacenter.

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

#297

Post by nathanvanfleet »

amluto wrote: post #253

I think this is the entirely wrong solution because it misunderstands the problem. The problem isn't that the H1B requirements are off a bit. The problem is that H1B visa holders are essentially indentured servants. Say you're a foreigner who applies for an H1B job. Your employer does a bunch of paperwork, gets you an H1B visa, and imports you. Now you can't quit because you can't get a new job. Of course you get und…

Is it better to be TN?

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

#298

Post by tn13 »

Why do these bills make so much noise ? Isn't it the case that any senator, congressman can introduce the bill they want ? Shouldn't we take them seriously only after they have passed committee review ? This is probably 4th such bill in last 2 weeks I suppose.

This bill has even affected stock markets in India!

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

#299

Post by Bartweiss »

mavelikara wrote: post #181
Mvandenbergh wrote: post #166

Earlier quoted context omitted.

It relies on the companies own estimate of the value of those bonuses... but bonuses are discretionary and the value of private company stock can be hard to determine. So you could have a salary of $90k, $10k of healthcare benefits, and $30k worth of "assumed" bonuses in the form of options, restricted shares, etc. which: a) you're not certain to get anyway (because they're bonuses) b) might not really be worth $30k

> the value of private company stock can be hard to determine The IRS uses 409A valuation. These valuations have been high enough to cause huge AMT burden to engineers. Sam Altman etc have written about it; Zoe Lofgren herself has been trying for years to fix it. Why do you think it is a joke?

Well, part of the problem is that even if value is calculated right, there's no adjustment for liquidity. Calculating compensation for H1-B purposes based on 409A is a bit silly if there's no way to cash out. That's made all the more true by the possibility of destroying that value later, for instance by agreeing to a high-multiplier preference in later funding.

I would accept 409A as a reasonable assessment of a company's value, but that's somewhat different than an assessment of what compensation an H1-B worker is getting.

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

#300

Post by kgwgk »

msujaws wrote: post #144
tomp wrote: post #117

Earlier quoted context omitted.

- 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?

Employer-provided healthcare is considered compensation, and the "cost" is somewhat determined at will depending on creative accounting.

How is it so? I'd say there are real dollars going to the healthcare providers.
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