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H-1B visas mainly go to Indian outsourcing firms

economist.com

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Re: H-1B visas mainly go to Indian outsourcing firms

#321

Post by sjg007 »

Declanomous wrote: post #296
sjg007 wrote: post #225

Earlier quoted context omitted.

Doctors can get 10 year loan forgiveness or even employer repayment. Then after age 40 (salary parity with a BS) the earnings compound. The doctor will be at 150k+ which is likely more than the BS holder alone. Plus the doctor doesn't have to worry about layoffs and is always employable.

Loan forgiveness isn't that great of a deal, because the IRS treats it as taxable income. So if you are making $200k a year, and you get a $200k loan forgiven, you will have a massive tax burden. Plus, loan forgiveness is only after ten years of payments. Doctors will probably not have much money remaining on their loans, unless they spent ten years working for Doctors without Borders or something similar. If you pay…

Doctors get special incentives to work in rural, nonprofit, NIH and other places... All of the big academic medical centers are nonprofits and they pay well.

Re: H-1B visas mainly go to Indian outsourcing firms

#322

Post by thomasahle »

loph wrote: post #103

This one sentence says it all: "The Economist found that between 2012 and 2015 the three biggest Indian outsourcing firms—TCS, Wipro and Infosys—submitted over 150,000 visa applications for positions that paid a median salary of $69,500. In contrast, America’s five biggest tech firms—Apple, Amazon, Facebook, Google and Microsoft—submitted just 31,000 applications, and proposed to pay their workers a median salary of…

> Amazon, Facebook, Google and Microsoft ... proposed to pay their workers a median salary of $117,000."

> Indeed.com quotes the average SD salary in Seattle (think Amazon and Microsoft) as 126,000 and San Francisco at 134,000.

You cannot compare a median salary with an average salary. Salaries are going to have a long tail of large numbers.

Re: H-1B visas mainly go to Indian outsourcing firms

#323

Post by xenadu02 »

Chris2048 wrote: post #286
calvinbhai wrote: post #217

Earlier quoted context omitted.

Let me offer a deal: If i get a green card today (no strings attached) I'll quit my H1b job right now I'll bootstrap my own startup that'll create 10 jobs in 1 year Does that sound like a good deal? You are happy, I'm happy, and all the jobs i create, those employees are happy. its a win-win-win deal.

What collateral do you offer against the unproven claim of "I'll create 10 jobs in 1 year"? Are you saying you'll fund the startup yourself?

If he doesn't create the 10 jobs within 5-10 years his visa is revoked and he goes home. That seems reasonable, no?

It is similar to the entrepreneur visa DHS just finalized. If you have a certain amount of funding you can stay for a while, with the option to renew as long as you meet certain objectives (creating X jobs and raising $x more funding).

Immigration is not a zero-sum game. Immigrants need houses to live in (they must be built). They buy various goods and services. Presumably their children become productive members of society just like many generations of previous immigrants.

In fact we should allow immigrants to bring their entire extended family. If we did that remittances to $country would drop dramatically and that money would stay here in the US, buying more US goods and services.

Re: H-1B visas mainly go to Indian outsourcing firms

#324

Post by xenadu02 »

throwaway251 wrote: post #216
throwawaytw5454 wrote: post #213

Earlier quoted context omitted.

If a trade war happened, it would wound the developing world a great deal more than it would impact the United States. The US could be self-sufficient in terms of resources and manufacturing with relatively minor policy shifts and subsidization of domestic industries. China's export-driven, currency-manipulating economic engine pretty much needs the US as a market so it doesn't collapse under its own weight. China al…

"Personally, I'd love to stop subsidizing the third world at the expense of American citizens. Developing countries need the US a lot more than the US needs them." That's the exact illusion most Americans live on. "On November 7, 2016, debt held by the public was $14.3 trillion or about 76% of the previous 12 months of GDP.[5][6][7][8] Intragovernmental holdings stood at $5.4 trillion, giving a combined total gross n…

Public debt is just a way to account for spending publicly, instead of printing money. The national debt can grow indefinitely so long as the economy continues to grow. (Fun fact: the US Government does make money out of nothing by minting coins. The Treasury creates them and hands them to the Federal Reserve, who increases the US Government accounts by that amount - creating new money out of nothing).

China buys US debt because they are forced to do so. They print Yuan to buy it which depresses the value of their currency. Some of the Chinese leadership is well aware that the balance of trade with the US and Europe must equalize. They've been taking measures to encourage domestic consumption and a transition away from an export-heavy economy. I don't think they're moving quickly enough because they're scared of disrupting the economy - fearing the Communist government (and their power) won't survive.

If China stopped buying US debt they'd have to buy European debt. If they stopped buying both their currency would appreciate and their exports would not be so cheap.

Re: H-1B visas mainly go to Indian outsourcing firms

#325

Post by steevenwee »

geebee wrote: post #272
steevenwee wrote: post #256

Earlier quoted context omitted.

'I still maintain this - any immigrant system that allows corporations to decide who gets to come here is flawed.' Corporations ARE the workforce market, which should indicate what kind of workforce is needed. It can only go from employer to employee, not vice versa. You can also look at that from company's perspective: You not only paid for someone's visa but also went through all the paperwork and then the person l…

Wow, do I ever disagree with you. I'm not a market fundamentalist, but supply and demand are still relevant concepts here. The market would demand far more developers at $50,000 than the market would supply. It would be the opposite at $250,000 (maybe... there would still be a lot of demand at that level). If corporations can't hire on there terms and conditions they offer, they need to sweeten the pot. If I try to h…

Wasn't disagreeing with that, just looking at reality. This visa was meant for corporations to be able to get the talent they're unable to find in the US. Not for opening US workforce market for the entire world. Thus it is one-sided.

Don't get me wrong, I'm in the US on a work visa and would be happy to have jobs market completely open for me.

Re: H-1B visas mainly go to Indian outsourcing firms

#326

Post by winter_blue »

dominotw wrote: post #118
winter_blue wrote: post #50

This article is repeats the false idea that you cannot switch jobs to other companies. You can switch jobs to other companies that are willing to transfer your H-1B visa. Plenty of tech companies will happily do a visa transfer. Yet, this facetious lie is often repeated. It just goes to show how inaccurate and poorly-researched this article was.

Sure but you lose your line in Perm queue, not to mention the H1B recertification process which is fraught with peril.

Are you sure about your I-140 priority date resetting if you change jobs? I've heard mixed opinions on this. Also, the policies on this might have changed due to the various new immigration regulations that came into effect on January 17, 2017: https://www.uscis.gov/news/news-releases/uscis-publishes-fin...

Re: H-1B visas mainly go to Indian outsourcing firms

#327

Post by reloop »

pedrosorio wrote: post #319
reloop wrote: post #236

Earlier quoted context omitted.

I dislike poor working and visa condition as much as, if not more than, anyone else. But other than that I don't really see the problem. You're saying that the people you're hiring aren't particularly talented and get payed less. Not everyone can go to the right school, learn the right languages and get accepted to companies that pay $100k with perks. It sound like, other than fixing some of the things with H-1B, wha…

"Not everyone can go to the right school, learn the right languages and get accepted to companies that pay $100k with perks." Getting employed at these companies has nothing to do with "going to the right school and learning the right language".

Of course it does? It's getting better, but companies like Google have been very honest with that they (at least in the past) preferred hiring from top schools. The "right language" is of course a bit simplified, but some experiences are definitely seen as more favorable although it's not clear they are. Often more academic or community knowledge over practical or enterprise. As far as I know it's much easier to get hired by such a company early with based on your academic record and "culture fit" than it is later in life trough experience, as the median age also indicates. What are you basing your opinion on?

Re: H-1B visas mainly go to Indian outsourcing firms

#328

Post by geebee »

vkou wrote: post #315
ma2rten wrote: post #173

Earlier quoted context omitted.

I work at Google on an H1-B. I can confirm that Google pays foreign workers exactly the same as American employees on the same level, which is above market. I suspect that the number quoted is only base salary, includes lower cost locations in the US and professions other than Software Engineers. Another thing is that this number is the salary when the person got hired, but any other number you can find will be curre…

I also work at Google on an H1-B (Formerly TN-1). I can also confirm that Google pays foreign workers exactly the same (Salary, stock, bonus, vacation, benefits) as Americans.

I'm not sure how this works at google, but often, when a company replaces positions with H1B visa workers, they often contract out the work. As a result, the H1B who is doing work for google wouldn't be considered a google employee.

It's a fairly common practice, though again, not sure if it happens this way at google.

Re: H-1B visas mainly go to Indian outsourcing firms

#329

Post by mavelikara »

geebee wrote: post #243

The economist proposes getting rid of the rule that requires H1B workers remain within the company that sponsors them That sounds reasonable, but why then require that a company sponsor an immigrant in the first place? Why not let that immigrant choose where he or she will work? In fact, why not let the immigrant choose what to study, where to work, where to live, all in response to market signals? People have posted…

https://www.youtube.com/watch?v=lj1bHpPvSuE

^^ Rahul Reddy, an immigration attorney, discussing with a group of "body shop" owners how immigration reform allowing free movement of people on H-1B can be bad for business and what can be done to lobby against it.

Re: H-1B visas mainly go to Indian outsourcing firms

#330

Post by unsupak »

Everyone knows that most H1-B visas are used up by Indian firms for Indian nationals. Not by American firms for international talent. All the politicians have known about this abuse for years but this part of US foreign policy and lobby group efforts. India is a considered a natural ally against China and the Muslims.
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