WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
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Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#2I wonder if unskilled immigration has the same effect on unskilled wages...
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#3I wonder if unskilled immigration has the same effect on unskilled wages...
i know you know that it has.
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#4Did it occur to anyone that it's US companies that "keep down" US tech wages?
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#5Crazy that an increase of supply depresses the price in a market. I have not been this outraged since I discovered water was wet. Competition makes our world prosperous. We should welcome it
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#6Did it occur to anyone that it's US companies that "keep down" US tech wages?
This is also a well known contributor. Remember when Google and Apple were caught (and maybe fined?) for suppressing wages a few years ago?
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#7Crazy that an increase of supply depresses the price in a market. I have not been this outraged since I discovered water was wet. Competition makes our world prosperous. We should welcome it
Not in this case and this is not very hard to understand. The H1bs who come to US are exploited by companies and are paid less than market salary. The reason most companies give is because they have to bring the person from overseas they have made significant investment in time & money and therefore pay them less.
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#8Crazy that an increase of supply depresses the price in a market. I have not been this outraged since I discovered water was wet. Competition makes our world prosperous. We should welcome it
> Competition makes our world prosperous.
Competition only increases efficiency if the price of a good is currently inflated.
Labor is likely under-priced as a good relative to other expenditures, like property and the means to production, so an increase in competition for jobs does not necessarily equate to a more highly functioning society.
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#9[deleted]
Re: WSJ: H-1B Visas Keep Down U.S. Tech Wages, Study Shows
#10Crazy that an increase of supply depresses the price in a market. I have not been this outraged since I discovered water was wet. Competition makes our world prosperous. We should welcome it
> Competition makes our world prosperous. Competition only increases efficiency if the price of a good is currently inflated. Labor is likely under-priced as a good relative to other expenditures, like property and the means to production, so an increase in competition for jobs does not necessarily equate to a more highly functioning society.
You're ignoring the creation of new goods via reinvestment of profits.
In any case, for a given good if there is any profit at all being made (which...well, there should be otherwise the producers wouldn't exist) then the price of the good is (I will borrow your language) "inflated" and has room for competition to be brought down.
There's a lot of stuff wrong with your claims, I don't know where to begin...