1. There’s a race to the bottom to show infinite growth. This is the way of American capital markets. And this leads to cost cutting, bringing down wages and perverse incentives.
2. H1B and other programs that were intended for people with exceptional skills are handed out in mass to immigrants - particularly Indians - and we can be okay with that.
But the reality is, there are often times no exceptional skills here. The test taking and interviewing has been designed to cater to Indian nationals. They’re great test takers, which doesn’t necessarily translate into productivity or being a top worker or producer of value.
This is a corporation importing foreign workers as a cost cutting measure. An engineer from India will be happy earning 75% of the wage since they also get to move their family to the US, with healthcare and all the benefits.
The tragedy is that existing top talent doesn’t necessarily want to work at a company like Amazon. And so Amazon will import Indian nationals, because they’re willing to put in longer hours. They have little choice. They’re risk averse, and the last thing they want is to get managed out and have to return to India.
Amazon does this at scale. It reflects in the quality of their products and services.