Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
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Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#2[deleted]
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#3$208k minimum salary does seem a little steep in order to justify hiring a foreign worker over an American. But, at least I like that startups are saying "it's too expensive" rather than "there's a talent shortage!" There's never been a "talent shortage." There's been a lack of incentive for said talent to join tech companies. Money is an easy way to make up for said lack of incentive, but companies don't want to open their wallets enough to get rid of the "talent shortage."
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#4This reminds me of the minimum wage dispute.
Society steps in to bargain for workers if it believes the typical worker’s decision making is actually harming society.
E.g. taking 7$/hr jobs without benefits depresses wages of local workers, etc.
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#5This reminds me of the minimum wage dispute. Society steps in to bargain for workers if it believes the typical worker’s decision making is actually harming society. E.g. taking 7$/hr jobs without benefits depresses wages of local workers, etc.
Let's be careful when we say "society" does such a thing. It's not all members of society. It's more accurate to say that interest groups that would benefit from restricting economic freedom, such as unions, advocate for these changes, even if the changes are worse for society overall.
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#6This reminds me of the minimum wage dispute. Society steps in to bargain for workers if it believes the typical worker’s decision making is actually harming society. E.g. taking 7$/hr jobs without benefits depresses wages of local workers, etc.
Let's be careful when we say "society" does such a thing. It's not all members of society. It's more accurate to say that interest groups that would benefit from restricting economic freedom, such as unions, advocate for these changes, even if the changes are worse for society overall.
Subjugation via wages below a base level of quality of life is not freedom. This is dressing up economic serfdom as such. Let’s be careful of people who would argue for such “freedom”.
It has been demonstrated that unions strengthen earning power of labor, and that corporations have a long track record of abusing the H1B visa program.
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#7Earlier quoted context omitted.
Let's be careful when we say "society" does such a thing. It's not all members of society. It's more accurate to say that interest groups that would benefit from restricting economic freedom, such as unions, advocate for these changes, even if the changes are worse for society overall.
Subjugation via wages below a base level of quality of life is not freedom. This is dressing up economic serfdom as such. Let’s be careful of people who would argue for such “freedom”. It has been demonstrated that unions strengthen earning power of labor, and that corporations have a long track record of abusing the H1B visa program.
We have to recognize there are some winners and losers from these changes, and that all decisions like this have trade-offs.
In this case, there will be fewer startups, maybe this is good for society as a whole though?
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#8Earlier quoted context omitted.
Subjugation via wages below a base level of quality of life is not freedom. This is dressing up economic serfdom as such. Let’s be careful of people who would argue for such “freedom”. It has been demonstrated that unions strengthen earning power of labor, and that corporations have a long track record of abusing the H1B visa program.
We have to recognize there are some winners and losers from these changes, and that all decisions like this have trade-offs. In this case, there will be fewer startups, maybe this is good for society as a whole though?
“How can society and public policy encourage more startups founded by those who would’ve previously been underpaid employees?” is a great question.
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#9[deleted]
Re: Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable
#10This reminds me of the minimum wage dispute. Society steps in to bargain for workers if it believes the typical worker’s decision making is actually harming society. E.g. taking 7$/hr jobs without benefits depresses wages of local workers, etc.
The minimum wage makes it impossible for employers to hire people at the bottom end of the productivity scale. It makes no sense to hire someone who only produces $10/hr of value if you have to pay them $15/hr. This makes it harder for people with little experience or training to find any job at all. A better solution would be to eliminate the minimum wage and make up the difference with income redistribution, such as a negative income tax for those in the lowest bracket.