Tech company abuses H1B or other visas to underpay staff and undercut local labor market? Not surprising.
Tech company abuses H1B or other visas to underpay staff and undercut local labor market? Not surprising.
About 1.2 million immigrants come to the US every year. Unfortunately, these free folk don't appear to want to become devs in the valley at the rate Oracle thinks they should, any more than the people born in the US.
The problem is that immigration slots in the US are generally based on family reunification, and don't come close to meeting demand. But a bug can always be a feature. I think tech companies like this. It creates scarcity, which makes their control over one of the few avenues into the US very lucrative. They can use this to ensure that would-be immigrants are not in fact able to participate freely in labor markets, but are beholden to corporations for their right to stay in the US and not be deported.
They they shouldn't hire them. The H1-B program isn't meant to allow firms hire foreign workers at low salaries, even though it's abused to do that. It's meant to help fill real skills shortages (and if there's a real shortage, firms should be more than willing to pay a premium to satisfy their unmet demand).
It'd be a great way of letting the market figure out how many work visas we need, in any event, rather than having a number someone plucked out of their ass.
You're wrong on both counts, because the economy is not a fixed-size pie. Higher education benefits a lot from foreign students paying full price.
This is fairly settled economics.
Sure, let's also let some of the passengers fly the plane because hey, they did it in a video game.
Learn about it before you go and try and wreck the system.
https://en.wikipedia.org/wiki/Lump_of_labour_fallacy
https://www.bloomberg.com/opinion/articles/2017-06-16/immigr...
You can lead a horse to water, but you can't make it drink.
Here are a few more
https://www.forbes.com/sites/stuartanderson/2016/10/02/3-rea...
https://www.economicshelp.org/blog/21819/concepts/lump-of-la...
https://www.econlib.org/archives/2017/02/the_lump_of_lab.htm...
https://www.cato.org/cato-journal/fall-2017/how-immigration-...
https://www.nytimes.com/2003/10/07/opinion/lumps-of-labor.ht...
When CATO and Paul Krugman agree on something, MAYBE it's worth paying attention.
My understanding is that the law says the wage being offered must at least meet the minimum wage specified by DOL
If a company is following a bad law doesn't it make more sense to make the law better than lambaste the company for hand-wavy "abuse?"
http://www.flcdatacenter.com/faq.aspx
For instance a level 1 "programmer" in SF makes about 70k. A level 4 "Software Developers, Systems Software" makes about 158k...
My point is that the argument that h1b employers must and therefore do pay the prevailing wage is incomplete with out knowing the employees skills and the wage data the employer chose to set as the prevailing wage.