201–210 of 487 posts
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> NYC and SFBA $130k Really ? Surely it can't be that expensive ?
It's not. Maybe he's assuming a stay at home wife and/or children which would be a stretch on $130k, it's true. You can live well and have savings as a single guy on $130k in both those areas.
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Agree that 60k is too low. But 130k is too high. Consider someone who has just finished their PhD in a relevant area. You want to employ them in your startup in e.g. Orlando, where the cost of living is much lower than SF. Maybe 80k is reasonable. But you'll have to pay a 50k premium. Or you could set up an office in Montreal. And then your tech team will come to Florida for a 3 month code camp every December anyway.…
>Consider someone who has just finished their PhD in a relevant area. If they're hiring fresh grads, it should be an American. There's plenty of them.
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It basically means that the only companies who are gonna be able to hire through H1Bs are the big cos or unicorns. It also means that there is an economic incentive at all levels to consider hiring Americans first. Which is the point.
Have you seen the article where Siemens tried hiring people for the new factory...and the majority of American people who showed up to apply couldn't even pass school level tests...? Educational system in usa is broken. THAT should be number one item to address for this administration. Instead they are playing smoke and mirrors game worth us diverting our attention from the real issues. P.s. it is convenient to have…
So Siemens was forced to hire H1-B workers, but if this bill passed they couldn't because of a $130K premium?
Oh, I see, you're conflating manual labor with highly skilled technical work and hoping no one will notice because you wave your hands and shout "the educational system, man, it's broken!"
Well I think $130k/year is unfair for companies located outside of california, Newyork, MA, Chicago. I think this bill would benefit companies in those locations where cost of living is very high. What about a company in North Dakota or west Virginia. I don't think any company can afford 130k/year in these states, rather they will outsource their jobs(paying 30% tax). I think salary limit should be set based on the s…
Here's a question. Two people in same job with similar performance one is h1b the other a us citizen. Layoffs are coming. Who gets cut?
Two people in same job with similar performance one is US citizen who is contracting and while other is US citizen who is full time with company. As we know the contractor salary is very high.Layoffs are coming, But still HR will fire full time US citizen who is getting less pay because to fire a full time employee we need to wait till next lay offs or provide a big reason to fire him. While on other hand you can fire Contractor any time without any formalities.
My point is if you want to abuse H1b program you will abuse it no matter what. It all depends on work culture(HR) of a COMPANY.
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It relies on the companies own estimate of the value of those bonuses... but bonuses are discretionary and the value of private company stock can be hard to determine. So you could have a salary of $90k, $10k of healthcare benefits, and $30k worth of "assumed" bonuses in the form of options, restricted shares, etc. which: a) you're not certain to get anyway (because they're bonuses) b) might not really be worth $30k
> the value of private company stock can be hard to determine The IRS uses 409A valuation. These valuations have been high enough to cause huge AMT burden to engineers. Sam Altman etc have written about it; Zoe Lofgren herself has been trying for years to fix it. Why do you think it is a joke?
Whoever is working on the bill is disconnected from reality and the damage it is doing long term here. Why's everyone so focused on IT? Everyone can learn how to code, it's not a real science.. Oh it's hacker news :) Now walk into any major university science department. See who the newly minted PhD students are in biology, chemistry, physics, math ... Most are foreigners. This bill will send them home after they gra…
I think that's exactly why people are focusing on IT. The H-1B program is meant to allow companies to hire foreigners with rare skills that are hard to find domestically. In reality it's abused to import cheap labor and undercut average American workers doing common work like building applications or administering systems. There should be no problem continuing to hire PhDs and other foreigners with actual unique skillsets at $130k.
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There aren't a ton of job for PHds in chemistry, biology, chemist, math etc. They end up working at hedge funds or web developers or things not necessarily related to their PHd. Look at big pharama and see how much they spend on R&D or basic research. Its a very small percentage of revenues.
You are clearly outside of the field. There are tons of jobs in the biotech industry for qualified graduates. The issue is finding people with appropriate scientific and industry backgrounds. This is why h1bs are hired. I don't care what color you are and where you come from. If you know your stuff I will hire you.
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You are clearly outside of the field. There are tons of jobs in the biotech industry for qualified graduates. The issue is finding people with appropriate scientific and industry backgrounds. This is why h1bs are hired. I don't care what color you are and where you come from. If you know your stuff I will hire you.
I do know something about the industry. A couple a of years ago Merk had a massive layoff. Basically there mission was to get rid of R&D because R&D wasn't cost effective. They would much rather just buy up startups when a drug looked promising. I think most of the other big pharmas are doing the same. I have friends who are phds doing stuff that a tech could do. Look at how many BMEs with BS degrees are getting jobs…
One problem with a very high minimum salary is that due to the disparity in cost of living, only companies that could afford H1B workers would be from a few cities like SF and NYC. As a side effect, it would increase the diversity of those cities and not anywhere else. I don't think it is ideal - it concentrates immigrants into a small location; and does not allow immigrants to live in a place of their choice.