131–140 of 571 posts
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Most people (regardless of race) prefer to hire from within their network. It makes sense that Indians' networks would consist of other Indians.
Earlier quoted context omitted.
> the wage suppression Do immigrants earn less than locals? My impression is that the salary is similar. I am not in the US, but I rejected job offers from across the pond in the past and the salary seemed to be on the level with what I know is paid in the US for that position. My guess is that what they like in H1B workers is that they are sort of stuck with that employer, as changing jobs under such a Visa can be t…
This is the wrong logic. Immigrants can make exactly the same as natives and still suppress wages. Fundamentally how prices are set is someone sets a price, and if there are no takers they change the price. If a company offers a salary, and they bring in an H1-B to fill the role, they don't have to raise the salary. Over time it suppresses the wage.
The thing is that all these mega-corporations have offices across the world, but currently want to hire in the US. You and I want our personal jobs to be expensive, but we don't want the prospect of hiring us where we live to be too expensive. And even aside from cost, you also don't want them to say "there's not enough employees there, it's not worth hiring."[0]
[0] I'm technically no longer living in the US, but I was until recently.
To anybody playing attention it's very clear SV tech vastly prefers to import foreign labor rather than hire local. It has been this way for multiple decades now (and gets worse every year.) I don't see this changing any time soon. Sure they get the occasional slap on the wrist, but the wage suppression saves them way more money over time.
> the wage suppression Do immigrants earn less than locals? My impression is that the salary is similar. I am not in the US, but I rejected job offers from across the pond in the past and the salary seemed to be on the level with what I know is paid in the US for that position. My guess is that what they like in H1B workers is that they are sort of stuck with that employer, as changing jobs under such a Visa can be t…
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What makes you think they’re racist versus just hiring the best available talent? There are more Indians in universities than the general population, and a lot more of them in engineering degrees than other degrees. It makes sense there are lots of Indians in some industries, both in the management roles and in the populations that managers are hiring from.
Earlier quoted context omitted.
> the wage suppression Do immigrants earn less than locals? My impression is that the salary is similar. I am not in the US, but I rejected job offers from across the pond in the past and the salary seemed to be on the level with what I know is paid in the US for that position. My guess is that what they like in H1B workers is that they are sort of stuck with that employer, as changing jobs under such a Visa can be t…
This is the wrong logic. Immigrants can make exactly the same as natives and still suppress wages. Fundamentally how prices are set is someone sets a price, and if there are no takers they change the price. If a company offers a salary, and they bring in an H1-B to fill the role, they don't have to raise the salary. Over time it suppresses the wage.
Earlier quoted context omitted.
The US has been there, done that, and got the t-shirt. The result of trying to wall out competition is not going to be jobs for Americans. The result will be what happened to the American automotive industry, the American electronics industry, etc. They could not deliver competitive products at competitive prices and the various "Buy American" advertising campaigns were ignored by American consumers. Your Nintendo Sw…
This doesn't holds water as an argument against labor protectionism, since we can point to China as a contemporary example with the opposite result. Much of the US's industrial base wasn't destroyed by consumer choice, but was intentionally moved abroad for geopolitical reasons. It wasn't even simply about implementing an economic power structure the US could use to extend its influence. The Asian Tigers were built u…
not geopolitical, but economical. US corporations ran labor arbitrage by shipping $20/hr jobs to China that was paid ~$0.20/hr and pocketed profits (you can lookup S&P 500 chart)
USA got S&P500 chart going up
China got industrialization