151–160 of 1001 posts
I think there’s plenty of interesting debates to be had about immigration policy and its effects on the labor market, but one thing worth noting here is that the primary problem that damn near every other country on earth has isn’t immigration, it’s brain drain. A core strategic strength of the US over the last century has been that everyone with any talent wants to come here to work, and by and large we’ve let them…
I think there’s plenty of interesting debates to be had about immigration policy and its effects on the labor market, but one thing worth noting here is that the primary problem that damn near every other country on earth has isn’t immigration, it’s brain drain. A core strategic strength of the US over the last century has been that everyone with any talent wants to come here to work, and by and large we’ve let them…
The top end of H1B has been great for America. In the last few decades, there has been growth of abuse of the program to get mid level talent at below market rates which really hurts the middle class in America. People need to understand that most reformists don't want to get rid of the truly exceptional immigration to the US. We need to limit the volume, especially the immigrants that are directly competing with a h…
Any suggestion that the program is dragging wages down instead of dragging wages up is not just misleading but factually wrong.
While the stated intention is to prevent abuse by consultancies, I think this effectively kills the H1B program. Who will be able to afford this? Not startups. 100k is like 75% of base comp in most bay area startups Among BigTech, maybe like ~20 companies will be willing to pay this per employee.
>I think this effectively kills the H1B program. That exactly is Trump’s intention, no?
He has been pretty good at sticking to his campaign promises.
This is going to kill H1B and immigration from countries like India, China and others for skilled workers. Even though $100K isn't a lot considering the overall investment that goes into hiring a full time employee, employers wouldn't risk that kind of money apart from all the document processing they have to. Maybe big tech will hire a few hundred every year but others won't even bother.
Of the both of us, I've been the strong proponent for moving the US. and with each passing day, its getting harder to make a strong case for the pain, and uncertainty of moving here.
Lately everything has been counter to what one would expect from a pro-growth, accelerationist country. But I understand where the reasoning is coming from, though.
Perfect number to make H1Bs a tool that is out of reach for startups but still meaningful for large entrenched corporations. Nailed it. Maybe they can even waive the fee if you give the US government 10% of your company.
While the stated intention is to prevent abuse by consultancies, I think this effectively kills the H1B program. Who will be able to afford this? Not startups. 100k is like 75% of base comp in most bay area startups Among BigTech, maybe like ~20 companies will be willing to pay this per employee.
So startups often bring in H1B employees? What prevents them from hiring the same great people remotely?
IMO, the fee is the wrong thing that needs adjusting. It's the salary that should be adjusted. The minimum salary for an H1B should be $200k. It's something like 50k right now which is ridiculous especially with all the restrictions an applicant is under. It both suppresses wages and abuses the worker.
"The proposal would increase the wage floor for H-1B visa recipients from $60,000 to $150,000, eliminate the Optional Practical Training (OPT) program, and replace the current lottery-based selection process with a highest-bidder system."
EDIT: This is a proposal by 1 senator - not Trump. https://www.newsweek.com/h-1b-visa-change-proposal-2132484
IMO, the fee is the wrong thing that needs adjusting. It's the salary that should be adjusted. The minimum salary for an H1B should be $200k. It's something like 50k right now which is ridiculous especially with all the restrictions an applicant is under. It both suppresses wages and abuses the worker.
Is it too complex to just look at the companies taxes and be like... "Hey you are paying H1B workers 25% less than their peers. You get hit with a fine". If you couldn't undercut H1B salaries there is little incentive to use them except for their desired purpose (you can't find any local workers).