Merit based immigration solves this problem.
Why Silicon Valley Wouldn't Work Without Immigrants
101–110 of 111 posts
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#102Earlier quoted context omitted.
Fantasy. The vast overwhelming majority of corporation valuation is in stockholders' hands. By what measure can employees be seen to benefit from this? They are given a tiny stream of revenue for their labor. That's it. Explain.
According to the Federal Reserve Bank, total employee compensation in the US in 2016 was $10 trillion. [1] The market capitalization of listed US companies, according to the World Bank, was $25 trillion. [2] Assuming average gains of 10% per year in the stock markets, which stockholders would be glad to receive, I think, employees receive 4x as much as stockholders of listed companies. 1: https://fred.stlouisfed.org/…
That means for the 1% to own 99% of everything, they must have bled cash from corporations for a generation, holding their wealth in cash, leaving corporate valuation at a symbolic level?
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#103Earlier quoted context omitted.
It was abrupt and it came from Trump. Those are the main reasons it's causing such a stir.
Especially since it has been done many times before with little noise.
No, it hasn't, which is why most of the times people say this they do it without specific examples, and when they do provide specific examples they are immediately shown to be radically different than what Trump implemented.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#104Earlier quoted context omitted.
the official inflation rate isn't accurate, as it doesn't take into consideration any of those things you just mentioned. i'd say $60k 20 years ago is more like $120k today... and that's being generous.
Each and every category, except the stock market which isn't a consumer good, that was mentioned is in fact measured quite carefully by US CPI measurements. The poster just happened to cherry pick things that have increased faster than inflation: refined petroleum, coastal city housing, and health care. As an aside, people's perception of health care increases are driven by factors somewhat decoupled from a reasonabl…
> employers have steadily shifted a larger fraction of healthcare premiums onto employees
This is true, it's a major reason the public understanding of health care cost growth doesn't mirror health care spending growth. But it's also meaningful, because it defines consumer spending, and it's not usually accounted for.
Healthcare's piece of the CPI basket is ~5%, but for a lot of people the real share has grown rapidly and is ~20%. Which means that using a CPI calculation to scale income is a problem - one of the faster-than-inflation segments has rapidly taken over much of the basket.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#105- Firstly, there are a bunch of false points here. The HN user ones_and_zeros lives in an alternate reality where H-1B visa holders cannot switch jobs to other companies (that are willing to transfer their H-1B visa). The fact is most tech companies will do a visa transfer. Yet, this facetious lie is oft-repeated on HN, and with attaching terms like "slavery" or "corporate welfare" (which is frankly, offensive). - Se…
Hey man, I know this is probably stressful for you and I don't want to be adding to that for you. I'd be willing to take this offline if you'd like but can you please not call me a liar, immigrant-hater, accuse me of being a ball of hatred or that I hate immigrants from the depths of my heart? I think you know all that isn't true and I think the readers can see through those accusations and it ultimately devalues you…
You expressed in a comment, directed to me, that you wanted people like me kicked out of the United States, and that I was not "entitled" to be here. See: https://news.ycombinator.com/item?id=11313462
Honestly, there are no words more hateful than what you said, for an immigrant. I've been in the United States for 10 years now, since I was 17. It feels like home now, and my friends, my community, are all here now. To quote Justice Louis Brandeis, "[deportation] may result also in loss of both property and life; or of all that makes life worth living." You want to destroy my life.
If I'm mistaken about you, and if you truly want to have a constructive private conversation about this; add your email to your profile, and I'll contact you.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#106Earlier quoted context omitted.
According to the Federal Reserve Bank, total employee compensation in the US in 2016 was $10 trillion. [1] The market capitalization of listed US companies, according to the World Bank, was $25 trillion. [2] Assuming average gains of 10% per year in the stock markets, which stockholders would be glad to receive, I think, employees receive 4x as much as stockholders of listed companies. 1: https://fred.stlouisfed.org/…
That means for the 1% to own 99% of everything, they must have bled cash from corporations for a generation, holding their wealth in cash, leaving corporate valuation at a symbolic level?
Or that the majority of people spend everything they earn (or more) and never accumulate wealth.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#107Earlier quoted context omitted.
That means for the 1% to own 99% of everything, they must have bled cash from corporations for a generation, holding their wealth in cash, leaving corporate valuation at a symbolic level?
Or that the majority of people spend everything they earn (or more) and never accumulate wealth.
One definition of poverty is, spending a day's pay on a day's food.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#108Earlier quoted context omitted.
>Would plans to make the requirements more strict(such as requiring them to work a high-paying job..) help alleviate this, since the queue will be shorter If it does, the effects will only be seen in a couple of decades. A lot things can change by then. What would be better would a system where countries get green cards proportional to their population. It makes no sense for Fiji to be awarded the same number as Indi…
> It makes no sense for Fiji to be awarded the same number as India. That makes sense, since it's reasonable to assume that high-quality employees are a percentage of the population. Having a global fixed number of immigrants rather than a per-country pool would also work: If A has a population of 10, B has a population of 20(with similar quality percentage), and the pool is 6, then A gets 1/2 the amount admitted as…
H.R.392: Fairness for High-Skilled Immigrants Act of 2017 proposes to eliminate the per-country green card caps for precisely the reasons you mentioned.
There is already a separate 50k green cards set aside for "diversity lottery", so that concern should not affect the desire to remove per-country caps for skilled immigration green cards.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#109Earlier quoted context omitted.
Especially since it has been done many times before with little noise.
No, it hasn't, which is why most of the times people say this they do it without specific examples, and when they do provide specific examples they are immediately shown to be radically different than what Trump implemented.
>> No, it hasn't...
Yes, it has.
Re: Why Silicon Valley Wouldn't Work Without Immigrants
#110Earlier quoted context omitted.
That's a rather simple-minded response. You define the person as having privilege without knowing said person, and then dehumanize them by saying their situation is irrelevant to justify your offensive attitude. There are circumstances that the purpose of removal of privileges is specifically for oppression.
You're going to get a hernia if you keep straining that hard.
And then there's the unnecessary personal attack.