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Oracle files H-1B visa petitions amid mass layoffs

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Re: Oracle files H-1B visa petitions amid mass layoffs

#171

Post by noosphr »

JumpCrisscross wrote: post #159
noosphr wrote: post #155

Earlier quoted context omitted.

If America was near full employment you'd be seeing real wage growth. Something that's not existed since the 1970s.

> real wage growth. Something that's not existed since the 1970s Real wages are 15% higher than they were in 1979 [1]. [1] https://fred.stlouisfed.org/series/LES1252881600Q

That is not hourly earnings. Americans are working longer than they did in 1970.

On top of that even if we take your link at face value that's a 0.35% growth per year. The medieval warm period had faster wage growth.

Re: Oracle files H-1B visa petitions amid mass layoffs

#172

Post by Avicebron »

JumpCrisscross wrote: post #159
noosphr wrote: post #155

Earlier quoted context omitted.

If America was near full employment you'd be seeing real wage growth. Something that's not existed since the 1970s.

> real wage growth. Something that's not existed since the 1970s Real wages are 15% higher than they were in 1979 [1]. [1] https://fred.stlouisfed.org/series/LES1252881600Q

CPI-U is deceptive and misses the point entirely, cheap t-shirt and televisions don't matter when people can't afford healthcare or housing.

Re: Oracle files H-1B visa petitions amid mass layoffs

#173

Post by bijowo1676 »

Noumenon72 wrote: post #69
pj_mukh wrote: post #37

Earlier quoted context omitted.

Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…

Your [3] shows that the government enforces paying H1-Bs competitive salaries, not that it cares about the Americans they replaced.

Why would Oracle replace Americans with H-1Bs if they had to pay the same salaries??

Actually H-1Bs are more expensive than Americans due to visa costs and attorney costs, so Oracle can SAVE money by hiring Americans, yet they still decide to continue hiring H1Bs along with Americans.

Re: Oracle files H-1B visa petitions amid mass layoffs

#174

Post by [deleted] »

nvgrw wrote: post #162
MrWiffles wrote: post #120

What I’m not clear on - how many of these H1B hires are subject to the EO that jacked up the fee to $100k per person? Assuming even just 100 of them were, that’s still ten million USD (assuming I didn’t visualize the zeroes in my head wrong…), and a really large fee to justify to the board if you’re otherwise paying “roughly the same” in salary. Productivity is going to basically break even anyway after a few years.…

Very few, probably. It only applies to consular processing, and only brand new petitions. And that’s ignoring the likelihood that all of this might get struck down by a court (on appeal) at some point given the administration’s propensity for breaking the law. EOs aren’t law on their own.

[deleted]

Re: Oracle files H-1B visa petitions amid mass layoffs

#175

Post by declan_roberts »

suid wrote: post #131
MrWiffles wrote: post #120

What I’m not clear on - how many of these H1B hires are subject to the EO that jacked up the fee to $100k per person? Assuming even just 100 of them were, that’s still ten million USD (assuming I didn’t visualize the zeroes in my head wrong…), and a really large fee to justify to the board if you’re otherwise paying “roughly the same” in salary. Productivity is going to basically break even anyway after a few years.…

Remember that there was a "one-time fee" exception for "favored clients" (read: friends of Trump), who could pay a single lump-sum of something like $1 million, and then apply for unlimited H-1B's at the old fee structure.

Where are you getting this from?!

Re: Oracle files H-1B visa petitions amid mass layoffs

#176

Post by declan_roberts »

MrWiffles wrote: post #135
suid wrote: post #131

Earlier quoted context omitted.

Remember that there was a "one-time fee" exception for "favored clients" (read: friends of Trump), who could pay a single lump-sum of something like $1 million, and then apply for unlimited H-1B's at the old fee structure.

I was not aware of this loophole. Thank you. I’ve got some strong opinions but I’m just going to keep those to myself right now. And my dog. She’ll hear me as I scream profanities into the void…

The loophole does not exist. He's pulling it out of his arse.

Re: Oracle files H-1B visa petitions amid mass layoffs

#177

Post by declan_roberts »

pvelagal wrote: post #167
MrWiffles wrote: post #120

What I’m not clear on - how many of these H1B hires are subject to the EO that jacked up the fee to $100k per person? Assuming even just 100 of them were, that’s still ten million USD (assuming I didn’t visualize the zeroes in my head wrong…), and a really large fee to justify to the board if you’re otherwise paying “roughly the same” in salary. Productivity is going to basically break even anyway after a few years.…

Trump's EO is crafted to hurt only Indian IT companies like Infosys, Wipro etc. American companies are more or less excluded from the EO.

This is simply not true.

Re: Oracle files H-1B visa petitions amid mass layoffs

#178

Post by lalaland1125 »

pvelagal wrote: post #167
MrWiffles wrote: post #120

What I’m not clear on - how many of these H1B hires are subject to the EO that jacked up the fee to $100k per person? Assuming even just 100 of them were, that’s still ten million USD (assuming I didn’t visualize the zeroes in my head wrong…), and a really large fee to justify to the board if you’re otherwise paying “roughly the same” in salary. Productivity is going to basically break even anyway after a few years.…

Trump's EO is crafted to hurt only Indian IT companies like Infosys, Wipro etc. American companies are more or less excluded from the EO.

False. Trump's EO, if anything, helps Infosys since the new systems (level lottery) are very easy to game

Re: Oracle files H-1B visa petitions amid mass layoffs

#179

Post by NickC25 »

Dig1t wrote: post #62
zombot wrote: post #44

The MAGA crowd will be ecstatic. They get fired while their president's buddy gets to hire new workers that are cheaper and more susceptible to extortion. Be careful what you vote for.

There was no option to vote for which was actually pro-worker. The other side is just as in-favor of these "high skilled" visas, and also even more pro mass-migration of all kinds. The previous admin sued Texas and Arizona to take down their border walls, and sent forklifts to literally open the barbed wire at the border. There is no evidence that the alternative party would have done anything about this issue. It is…

We've had the opportunity to have EVerify as federal minimum standard to employment for nearly 4 decades, and it's been shot down multiple times by both parties.

Re: Oracle files H-1B visa petitions amid mass layoffs

#180

Post by dzonga »

pj_mukh wrote: post #37
rdtsc wrote: post #8

Wherever their major offices are look for newspapers in the small towns nearby advertising for "Software developers for Oracle" all written in the tiniest print, right next to classified that sell used bikes, car parts and other stuff. - "Well, Uncle Sam, we looked so hard in US and nobody answered our job posts, we have to go to ... $othercountry to hire, there is no other way"

Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…

> America is at near full employment

Hope you're not saying this at social gatherings.

What the newspapers(economists | politicians) say, is not reality for most people.

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