I mean, IT work is pretty easy to outsource, so make it hard enough for talented people to come to the US and the work will just get shipped abroad.
http://johnhcochrane.blogspot.com/2014/06/the-optimal-number...
I mean, IT work is pretty easy to outsource, so make it hard enough for talented people to come to the US and the work will just get shipped abroad.
http://johnhcochrane.blogspot.com/2014/06/the-optimal-number...
You're probably right that we need to do something to ameliorate the worst effects of global competition and automation, but keeping talented people out (the number of H1B visas is totally dwarfed by people on family visas anyway) is probably not going to help.
Then Twitter offers them quadruple the salary to join them instead.
This is an _entirely solved problem_ if it were not for immigration rules. Jobs with shitty pay will get outcompeted by jobs with better pay. Or those jobs just don't get filled in the first place!
We already see this in the restaurant business. Really shitty jobs at minimum(or waiter minimum) wage are all over the place. They used to be filled by people coming in from central America as undocumented immigrants, but even they got tired of the bad jobs. So now they sit vacant, because nobody wants them.
You know, when four to five people share a studio, that's not just a labor competition issue. That's a fire code issue.
And if it were, across the board, a lot of other things would get a bit cheaper too, no?
Also:
People like to pretend that most things can be trivially outsourced, but that's not the case at all. Managing a team down the hallway is hard enough. Managing a team in another timezone requires the kind of skill not commonly found in US corporations.