61–70 of 279 posts
Earlier quoted context omitted.
Only for information available on the Internet…
Which is most information...
Yet there is no let up in diluting software engineering labor pool with thousands of H1Bs amidst the already distressed labor market from American job seeker perspective.
The number of job postings means nothing. 75% of the job postings are either scam or ghost postings.
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Many of the founders I know (who started companies in the past 3 years) are primarily hiring in LATAM too.
That's a good point. I used to work at a SF startup before the FAANG about 4-5 years back. All the engineers there have unfortunately been replaced with those in LATAM too. LATAM engineers were making like $80-$90K in USD, which is apparently really good money there, whereas US engineer asked for base pay twice that. So it seems like a win-win deal for the cofounders and LATAM engineers. Just not so great for those o…
Whether working collaboratively in an office was beneficial or not, employers certainly believed it to be so. They believed it so much that employers, pre pandemic, were willing to hire employees a single time zone away from SF, and then pay them a significant one time amount along with a much higher annual salary to relocate them to SF.
This belief in higher productivity when teams were geographically collocated was the entire basis for which employers were willing to pay American employees several multiples of what they would pay employees abroad.
But the same employees who were benefiting from this decided they didn’t want to keep that advantage anymore.
And now since WFH has become the norm in the US, employers are realizing there’s no need to pay to keep employees in the U.S. and outsourcing to significantly cheaper locations instead.
The number of job postings means nothing. 75% of the job postings are either scam or ghost postings.
That should change by tomorrow. The EEOC is going to crack down on companies cheating H-1B and posting ghost positions: https://x.com/USTechWorkers/status/1892771344540193076
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If the analogy is LLMs are today's equivalent of the web, I'm skeptical. Internet-based communication replaced technology like telephones and fax machines for synchronous and asynchronous telecommunication. People like and need to talk to other people. It was clearly valuable from day 1. What is the equivalent value proposition for LLMs? They make for really cool and splashy demos. But practical usage doesn't seem to…
> It was clearly valuable from day 1 I’m not sure that’s the case even if in retrospect we can clearly argue this In 1998, Paul Krugman, winner of the Nobel memorial prize in economic sciences, infamously predicted that “the growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of par…
Earlier quoted context omitted.
Many of the founders I know (who started companies in the past 3 years) are primarily hiring in LATAM too.
That's a good point. I used to work at a SF startup before the FAANG about 4-5 years back. All the engineers there have unfortunately been replaced with those in LATAM too. LATAM engineers were making like $80-$90K in USD, which is apparently really good money there, whereas US engineer asked for base pay twice that. So it seems like a win-win deal for the cofounders and LATAM engineers. Just not so great for those o…
Yet there is no let up in diluting software engineering labor pool with thousands of H1Bs amidst the already distressed labor market from American job seeker perspective.
If H1Bs were so destructive to the software industry, why would the software industry, which has the highest prevalence of H1Bs, be the industry with the highest growth in salaries for basically the past 2 decades?
Also, the idea that eliminating H1Bs will bring more jobs makes absolutely no sense.
If a company is asked to eliminate all their H1B positions, what do you think is more likely:
- they hire a completely new employee in the U.S. at a similar, or if the critics are right and H1B is suppressing salaries, higher salary, or
- they hire the exact same person but now with that person back in their home country and pay them a tiny fraction of what they were paying them in the U.S.?
There may be a handful of jobs where the employee needs to be in the U.S. where sure, a few more Americans will get jobs. But the overwhelming jobs will simply move abroad with the H1 employee, and along with that a whole bunch of dollars that were being spent within the U.S. and was paying US taxes will move abroad and be spent abroad and pay taxes abroad.