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H1B rejected – builds unicorn back home

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Re: H1B rejected – builds unicorn back home

#81

Post by short_sells_poo »

coding123 wrote: post #67
Temporary_31337 wrote: post #64

Can anyone point me to how much the guy had actually earned? I feel that if he’d stayed in the US and earned Microsoft stock options he’d be much better off financially

Is that all that matters to people these days?

No but if we want to quantify whether a decision was a net win or not, a valid approach is to express it in monetary terms. There are other approaches, some more objective some less, but money is simple.

E.g. if I worked at MS and over 10 years built a capital of $1mln, vs having worked in India and built a capital of $300k, there may be other considerations, but in purely monetary terms the MS approach would’ve been much better. Further compound interest will make the $1mln wealth run away much faster than $300k.

Re: H1B rejected – builds unicorn back home

#82

Post by weatherlite »

sremani wrote: post #32
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!

India is getting Russian oil pretty cheap now as far as I know, and most likely Iran as well. The U.S is not immune to the energy problem btw, Shale oil is getting more expensive because all the easy spots were already used.

Re: H1B rejected – builds unicorn back home

#83

Post by Ar-Curunir »

Temporary_31337 wrote: post #64

Can anyone point me to how much the guy had actually earned? I feel that if he’d stayed in the US and earned Microsoft stock options he’d be much better off financially

Err, even disregarding the fact that there's more to life than the money you earn, staying in the US wasn't even an option for him.

Re: H1B rejected – builds unicorn back home

#84

Post by slt2021 »

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…

americans can do the same - move to Europe for college and get higher education for a fraction of cost/almost free.

then come back debt free with great education.

I dont understand why Americans are not taking advantage of these arbitrage opportunities. You don't need government to do anything for you, just take your destiny in your own hands

Re: H1B rejected – builds unicorn back home

#86

Post by trhway »

NovemberWhiskey wrote: post #36
geodel wrote: post #29

Earlier quoted context omitted.

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?

yes, describing the serfdom as "self-employment" reminds how some in US describe the slaves brought here back then as "immigrants" or "labor migrants".

Re: H1B rejected – builds unicorn back home

#87

Post by petilon »

ALittleLight wrote: post #61
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…

I think there are several countries, across North and Western Europe, Canada, Australia, New Zealand, perhaps Singapore and Hong Kong, that could compete with the US for "standard of living". These countries don't have similar immigration policies or histories compared to the US. If you think of a person who builds a unicorn as a national level resource, which makes sense because they create jobs, capabilities, and w…

Australia takes in twice as many immigrants per year, compared to the US, as a percentage of their population. Canada almost 4 times as many. Singapore, New Zealand and Hong Kong too take in more immigrants than the US.

Re: H1B rejected – builds unicorn back home

#88

Post by pm90 »

eldaisfish wrote: post #60
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…

be careful generalising india because anything that one can claim, the opposite is also true. A major reason countries like the USA and the UK flourish is stability. Stability is not something india has and that is a very difficult thing to put a price on. Indian capital markets are not transparent though that is less of an issue for startups. What should be telling is the number of "Indian" startups that are registe…

> I have to rain on your parade but there are many aspects of life in India that money cannot solve. I am no fan of the USA either but the "gun culture" thing is a strawman that doesn't affect daily life in the cities. It is certainly a problem but not a problem that many make it out to be. Be careful with the healthcare argument too. India's legal and police systems are a joke and their healthcare system is cheap but kills millions every year due to medical negligence. The US healthcare system - for all its flaws - has some of the best outcomes provided you have enough money to access it.

I think its interesting that you manage to both minimize the impact of firearms in the US and ding the healthcare system of India in the same comment.

I have to disagree with both. Guns are a constant threat, even in the bluest of cities since there are Red States just a few hours of drive away (if you're not already a Blue City in a Red State which is extremely common). The threat of school shooting is very real. Kids have to go through bs "active shooter drills"... this is not the sign of a healthy society.

Indian healthcare system certainly has flaws but it manages to provide basic healthcare to all citizens. There are lots of fantastic doctors trained every year in India.

The legal and police systems, I buy that argument. The mainstream media, totally under the control of the authoritarian right wing Government. Modi. Those are legit criticisms.

Re: H1B rejected – builds unicorn back home

#89

Post by cromka »

okasaki wrote: post #72
eldaisfish wrote: post #60

Earlier quoted context omitted.

be careful generalising india because anything that one can claim, the opposite is also true. A major reason countries like the USA and the UK flourish is stability. Stability is not something india has and that is a very difficult thing to put a price on. Indian capital markets are not transparent though that is less of an issue for startups. What should be telling is the number of "Indian" startups that are registe…

The UK isn't thriving - 18% inflation, low salaries (except in the money laundering industry), bad and very expensive housing, no infrastructure investment, etc.

> no infrastructure investment

I think one could say anything about UK these days, but lack of infrastructure investment? Seriously? UK compared to the US, it's like 50 years of difference. And I'd argue it's still ahead of most of the old EU, too.

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