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H1B rejected – builds unicorn back home

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Re: H1B rejected – builds unicorn back home

#31

Post by 62951413 »

petilon wrote: post #20
going_ham wrote: post #2

Does it mean it costed the US of potential opportunities? I don't think it made any difference in the US. But it surely helped in his home country. While we are at it, what do you think of current visa issue in the USA? For a long time, I thought it was difficult only to people of Asian countries to migrate to US, but turns out it is equally difficult for any other nations. In the long term, does it make a difference…

> In the long term, does it make a difference in US if it doesn't bring talent across the world? Of course, it does! The only reason the standard of living in the US is higher than anywhere else in the world is because the US makes stuff the rest of the world covets. America is the leading economy in the world today not because it has the most number of people, but because it has the best and the brightest, gathered…

Shouldn't the government do more to promote equality? The current approach makes possible to arbitrage at scale when the government can

* bring in a large number of already educated (for free or _much_ cheaper) foreigners

* often from an upper middle class background in their home countries

* progressively lower the bar on the secondary education for Americans to jeopardize their chances of competing with foreigners for STEM majors and eventually jobs in high-tech. Which hits the disappearing [lower] middle class the hardest.

* keep college education significantly more expensive than it is for the very same foreigners

Re: H1B rejected – builds unicorn back home

#32

Post by sremani »

dxbydt wrote: post #26

In the early 1990s when I came here, the prevailing wisdom was that its categorically better to immigrate to the US from India if you get a chance. India was too far back in the tech space, too much bureaucracy, corruption, red-tape etc etc... In the 2020s, the consensus is quite mixed. A lot of people I personally worked with, who successfully got their visas and green cards, have given it all up and gone straight b…

People are making an error based on the past 20 years of debt binge and capital flooding that took over the world.

When the FDI dries up, India is a very weird place. The energy costs will put a number in Asia and Europe in the next decade with dramatic food security challenges.

Overall, at macro level, US beats India, but are there positive offshoots in some niches.. perhaps!

Re: H1B rejected – builds unicorn back home

#33

Post by pessimizer »

geodel wrote: post #29
manuelabeledo wrote: post #25

Earlier quoted context omitted.

> Three worst addictions: Heroine, Carbohydrates and a monthly salary - Nassim Taleb Nassim Taleb is a bit of a wack. This sentence doesn't make sense. I really hope it was taken out of context, because otherwise, there's absolutely no value to it other than glorifying risk for the sake of it. May as well be talking about gambling money away.

Huh, just a couple of centuries back maybe 90% of world population was self employed. It was not the greatest risk but simply a way of life.

That's because it wasn't risky to get a job as a helper to a working professional, learn their trade while doing the worst/easiest part of the work, transition to doing skilled work while having your helpers do the crapwork and the professional did inspection and finishing, then either taking over the shop from the professional, partnering with the professional, or opening your own shop with your already established customers.

So completely unrelated to the modern world.

Re: H1B rejected – builds unicorn back home

#34

Post by dixie_land »

paxys wrote: post #27

US immigration policies for Indian and Chinese nationals has been a blessing for their home grown tech ecosystem. There is no path to a green card or citizenship for anyone who immigrated in the last ~15 years, and the top 5% talent that used to come over by default is now working at or founding companies at home instead. This is directly correlated to the number of tech unicorns in these countries growing exponentia…

Thanks to "consulting" companies' abuse of H1B.

We should've just have a stack ranking of H1B candidates, based on income (and severe penalties for regression in comp, so you can't just do it for the visa). This would immediately break companies like Infosys that simply spams the lottery system with bogus applications.

Re: H1B rejected – builds unicorn back home

#35

Post by paxys »

dixie_land wrote: post #34
paxys wrote: post #27

US immigration policies for Indian and Chinese nationals has been a blessing for their home grown tech ecosystem. There is no path to a green card or citizenship for anyone who immigrated in the last ~15 years, and the top 5% talent that used to come over by default is now working at or founding companies at home instead. This is directly correlated to the number of tech unicorns in these countries growing exponentia…

Thanks to "consulting" companies' abuse of H1B. We should've just have a stack ranking of H1B candidates, based on income (and severe penalties for regression in comp, so you can't just do it for the visa). This would immediately break companies like Infosys that simply spams the lottery system with bogus applications.

The current system is in place only because all of the US companies that benefit from cheap labor provided by the likes of Infosys have lobbied for it.

Re: H1B rejected – builds unicorn back home

#36

Post by NovemberWhiskey »

geodel wrote: post #29
manuelabeledo wrote: post #25

Earlier quoted context omitted.

> Three worst addictions: Heroine, Carbohydrates and a monthly salary - Nassim Taleb Nassim Taleb is a bit of a wack. This sentence doesn't make sense. I really hope it was taken out of context, because otherwise, there's absolutely no value to it other than glorifying risk for the sake of it. May as well be talking about gambling money away.

Huh, just a couple of centuries back maybe 90% of world population was self employed. It was not the greatest risk but simply a way of life.

A couple of centuries back, wasn't most of the world population subsistence farming in conditions broadly described as serfdom?

Re: H1B rejected – builds unicorn back home

#37

Post by manuelabeledo »

paxys wrote: post #35
dixie_land wrote: post #34

Earlier quoted context omitted.

Thanks to "consulting" companies' abuse of H1B. We should've just have a stack ranking of H1B candidates, based on income (and severe penalties for regression in comp, so you can't just do it for the visa). This would immediately break companies like Infosys that simply spams the lottery system with bogus applications.

The current system is in place only because all of the US companies that benefit from cheap labor provided by the likes of Infosys have lobbied for it.

I doubt it is cheaper at all.

H-1B applications must pass the prevailing wage test, i.e. applicants cannot earn less than the prevailing wage for their position at the chosen employment location.

Companies like Tata, Infosys, WiPro, etc. need to maintain a part of their workforce in the US for certain projects anyway, so they slave away these applicants with draconian contracts. It's not that they pay them significantly less than any other, but the fact that they can guarantee a 3 to 5 year headcount for their larger US based projects, with a larger talent pool to choose from, if needed.

Re: H1B rejected – builds unicorn back home

#38

Post by datpuz »

aleem wrote: post #14

Three worst addictions: Heroine, Carbohydrates and a monthly salary - Nassim Taleb It's more common for people who are in-between jobs to take things that would be otherwise compromise their monthly salary income. It's less common for someone to quit a high paying job and take on a risky endeavour. Relatedly, the Tarzan strategy is another way to mitigate this risk (side projects or finding your next gig before just…

I would think alcohol would be worse than carbohydrates

Re: H1B rejected – builds unicorn back home

#40

Post by bobthepanda »

62951413 wrote: post #31
petilon wrote: post #20

Earlier quoted context omitted.

> In the long term, does it make a difference in US if it doesn't bring talent across the world? Of course, it does! The only reason the standard of living in the US is higher than anywhere else in the world is because the US makes stuff the rest of the world covets. America is the leading economy in the world today not because it has the most number of people, but because it has the best and the brightest, gathered…

Shouldn't the government do more to promote equality? The current approach makes possible to arbitrage at scale when the government can * bring in a large number of already educated (for free or _much_ cheaper) foreigners * often from an upper middle class background in their home countries * progressively lower the bar on the secondary education for Americans to jeopardize their chances of competing with foreigners…

* part of the problem is that education is not funded much federally but mostly by cash strapped states and localities, and there are many reasons why politicians and parents may not want local control or funding to be loosened.

* part of the problem is that there are huge segments of politicians who are not interested in or do not want equality, and to that end even actively try to destroy education

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