Most of the work these companies are hired to produce is done in India. People on H1B are few and hired to delegate across time zones. It's hard without someone in the US connecting the bridge. This pandemic made it clear. It's a possibility that this new policy has very little implication on the overall budget of projects.. unless the companies are financially strong enough to hire local employees at a high salary.…
Whenever lower wage markets are open to higher wage markets, what happens is the higher wage markets lose - especially their up-and-coming developers who normally would get hired and trained, but instead get replaced. This normally happens near the bottom, historically. Low wage workers come and work on farms and at other minimum wage jobs, they do actually have an effect on the labor market that is negative for Amer…
You need to see where the net positive results are accumulating as a consequence.
I don't have a solution to these complicated problems. My observation is today's policy won't solve the problem even slightly.
The US specializes in innovation, incentivizes economy to create innovation. IT consulting is not innovation. When you start hiring local employees at a higher salaries, influences inflation.. and what does this inflation from IT mean to other sectors?
The right question is: What would be the cost of home grown IT consulting that can compete with Indian IT consulting? How fast can those policies be deployed? is it even in the US interest to pursue this direction?
What I don't see is a framework that doesn't look like a patch work.
It's definitely targeted to win elections. The real promise is not delivered.