Live data from Hacker News

America COMPETES Act of 2022 passed House and Senate

congress.gov

101–110 of 167 posts

Re: America COMPETES Act of 2022 passed House and Senate

#101
post #17

Earlier quoted context omitted.

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

Maybe they could start with medical doctors before they start replacing Ph.D's in the STEM field. Just to be certain that it will work, you know.

Exactly. Stem is basically just the remaining non-inheritance-based middle class jobs, and it seems like someone is in a hurry to reduce the wages there. But not wages of doctors, lawyers, and CEOs.

Re: America COMPETES Act of 2022 passed House and Senate

#102
post #55

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…

> 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). I'm always disappointed in this style of visa. These are the kinds of people we want to keep , not make their stay contingent on working at or running a startup. To me, it's really stupid that anything but a tourist/business vis…

I wonder what is the vetting for the W-1 visa though? Can people just incorporate a business and get a visa? Or does it need minimum funding and employees? Should the individual have particular skills or experience in that field?

Re: America COMPETES Act of 2022 passed House and Senate

#103

Earlier quoted context omitted.

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.

Depends what you mean by “glut” — if you mean the welfare rolls are full of English PhDs, or the ranks of middle management are gummed up with French Literature PhDs, or the arms of government administration are overrun by political science PhDs, then sure.

If you mean most PhDs don’t get faculty jobs, well, then we have a glut of basketball, football, and baseball players too.

Re: America COMPETES Act of 2022 passed House and Senate

#104
post #11

Earlier quoted context omitted.

Does government allocation of funds make a difference when competing with China? It would seem that the Chinese government would simply match/re-up the industrial policy to be more competitive. If we're concerned about over reliance on Chinese manufacture, why not create a tariff?

It surely would still make a difference, even though China's reaction would partially negate it, right? When there's government stimulus money to be had, someone's going to jump on the opportunity to use it up, even if prices are lower from China.

Someone's pocket is going to get fat, but I highly doubt that any real competitiveness can come out of it.

As any government subsidy, it usually not only does not bring the desired result, but whatever it does bring costs much more than any free market participant would be willing to pay for it. Unless that is subsidised as well.

China very successfully was able to reduce whole industries to nothing by subsidising those industries in China and subsidising the price of their output. One example is Rare Earth, there used to be some production of those things outside of China, there are none today. Want a magnet for your motor? China!

Re: America COMPETES Act of 2022 passed House and Senate

#105
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.

Good time to start a fake PhD mill business!

For better or worse, the relevant authorities in the US already have very well-established processes for figuring out what kinds of institutions (and even what specific graduate programs) "count" for different kinds of student visas, and so I would imagine that for this new visa category they would build on that existing foundation. Your fake-PhD business would need to deal with accreditation etc., and then compliance and overhead issues thereof- and that is A Whole Thing (ask me how I know).

Re: America COMPETES Act of 2022 passed House and Senate

#106
post #40

Earlier quoted context omitted.

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

I think most PhDs are paid for by the University, not the students. In computer science, and I'd imagine most other stem at least.

True! But in STEM fields the money to pay for PhD students (tuition, stipends, fees, insurance, etc.) almost always ultimately comes from the Federal government in one form or another. Typically, it'll be paid for out of one of their advisor's grants (which usually are from a Federal source), or sometimes from a training grant of some kind (e.g. an NIH T32 or some such, which is also from a Federal source).

Re: America COMPETES Act of 2022 passed House and Senate

#107
post #13
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 .

That is the stupidest shit I've ever seen. Just flat rate everything and get rid of all the special exemptions and trash that just creates loopholes. If this results in a lot of things soon containing 11% coconut water, I might just snap.

> all the special exemptions and trash that just creates loopholes

Big companies pay lobbyists to add these in. It is no accident that these end up in the tax code.

Re: America COMPETES Act of 2022 passed House and Senate

#109
post #103

Earlier quoted context omitted.

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

Depends what you mean by “glut” — if you mean the welfare rolls are full of English PhDs, or the ranks of middle management are gummed up with French Literature PhDs, or the arms of government administration are overrun by political science PhDs, then sure. If you mean most PhDs don’t get faculty jobs, well, then we have a glut of basketball, football, and baseball players too.

[deleted]

Re: America COMPETES Act of 2022 passed House and Senate

#110

Earlier quoted context omitted.

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

We both know that this isn't true. First, the US government gets to run an arbitrary deficit, which is essentially the same as printing money. Secondly, the Fed's board is appointed by the government and can be recalled by the government. Thirdly, if the US government wanted they could change all of the rules governing the fed. It has nothing to do with not being able to. The US just decides it's more profitable to h…

who said they wouldn't be able to take absolute control of the fed? My point was only that they aren't currently. They'd have to make some serious changes in order to do so!
Post reply on HN