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America COMPETES Act of 2022 passed House and Senate

congress.gov

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Re: America COMPETES Act of 2022 passed House and Senate

#61

Post by chiefalchemist »

paxys wrote: post #26
ipnon wrote: post #17

Earlier quoted context omitted.

The United States should be offering permanent residency to practically everyone with a Ph.D.

Forgot all PhDs, it is next to impossible for most students and researchers who get advanced degrees from American universities to get work visas or permanent residency. We get the best talent from all over the world, spend billions on educating them, and then force them to go home.

Perhaps. But the other side of the coin is that keeping them here serves as a brain drain to their home country. If less and less are there to elevate those countries then what? We spend billions sending aid instead?

Certainly, there has to be consequences to the countries losing minds & bodies.

Re: America COMPETES Act of 2022 passed House and Senate

#63

Post by throwawaygh »

next_xibalba wrote: post #46
ipnon wrote: post #17

Earlier quoted context omitted.

The United States should be offering permanent residency to practically everyone with a Ph.D.

Why would we want non-STEM PhDs? These are not additive to the U.S. economy or culture. We have a glut of non-STEM PhD holders as it stands.

you're being downvoted for the second sentence, but the third sentence is indisputably true.

Re: America COMPETES Act of 2022 passed House and Senate

#64

Post by kelnos »

mwint wrote: post #40
paxys wrote: post #26

Earlier quoted context omitted.

Forgot all PhDs, it is next to impossible for most students and researchers who get advanced degrees from American universities to get work visas or permanent residency. We get the best talent from all over the world, spend billions on educating them, and then force them to go home.

Is the US spending billions to educate them, or are they spending billions to be educated here?

The former, mostly. PhD students are usually funded by their university, as well as by research grants come from US government agencies and research-oriented companies and organizations.

So we (as in "various elements of US society") are paying to educate people, and then are sending them back where their home countries benefit, while the US does not. It's so dumb.

There are some cool exceptions, like some programs where students educated in the US are required to go back to their home countries. The idea is to help raise the level of education in countries where the higher education system isn't well developed or funded, and I think that sort of thing is an admirable goal. But it's so bizarre that we, for example, complain about supposed Chinese academic espionage, and complain about brain drain, but simultaneously make it really hard for international students to stay in the US after they graduate.

Re: America COMPETES Act of 2022 passed House and Senate

#66

Post by vmception »

adtac wrote: post #33
ipnon wrote: post #12

To give an idea of how much content is in this bill, please see "Sec. 74029. Beverage containing coconut water." where duties on imports of beverages containing at least 10% coconut water are hereby free .

This is what lobbying in America _really_ looks like, sneaking in random shit into bills. I'm sure the coconut water lobbying group (never thought I'd say that phrase) worked its ass off for this. Time to pop the coconut water flavoured champagne.

The alternative is coconut water business leaders running a coup de tat on random pacific islands and petitioning for territory status within the US

All to circumvent tariffs on their exports to remain competitive

Well, the distinctly American alternative

Re: America COMPETES Act of 2022 passed House and Senate

#67

Post by edmcnulty101 »

paxys wrote: post #26
ipnon wrote: post #17

Earlier quoted context omitted.

The United States should be offering permanent residency to practically everyone with a Ph.D.

Forgot all PhDs, it is next to impossible for most students and researchers who get advanced degrees from American universities to get work visas or permanent residency. We get the best talent from all over the world, spend billions on educating them, and then force them to go home.

Good time to start a fake PhD mill business!

Re: America COMPETES Act of 2022 passed House and Senate

#68

Post by edmcnulty101 »

huy-nguyen wrote: post #9

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

Good time to be in the fake PhD diploma mill business!

Re: America COMPETES Act of 2022 passed House and Senate

#69

Post by beaconstudios »

sudosysgen wrote: post #51
beaconstudios wrote: post #25

Earlier quoted context omitted.

the US can't compete with China's artificial suppression of the Yuan price to help export prices, or the high levels of exploitation and lack of rights & regulations to benefit Chinese workers.

Of course, it can. The solution would be to depress the USD. It's just that the US decided it is more profitable to extract value by holding the reserve currency.

the US government isn't in control of the dollar rate - the central bank is private.

Re: America COMPETES Act of 2022 passed House and Senate

#70

Post by bradlys »

jeffbee wrote: post #52
hwbehrens wrote: post #2

In case you are wondering what this does (like I was), Wikipedia states "This bill is designed to solve [American dependence on China] by reducing reliance on Chinese manufacturing of semiconductors and increasing America's scientific and technological achievements." Basically, it allocates a bunch of money for supply chain and production improvements.

Imagine using government money to fund Intel, AMD, Micron, Apple, etc with combined capitalization over 4 trillion dollars. Instead they should be levying massive windfall taxes on these companies' overseas cash hoards, and using those revenues to fund onshore semiconductor startups.

Aren’t fabs and all that like multi-billion dollar projects? How does one realistically become a startup in that space when the capital to start is so intensive? (At least these days - idk about back in the past)
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