Great free article from 2002 (the peak of the dotcom recession): https://www.computerworld.com/article/1329178/h-1b-is-just-another-gov-t-subsidy.html Milton Friedman states: “There is no doubt,” he says, “that the [H-1B] program is a benefit to their employers, enabling them to get workers at a lower wage, and to that extent, it is a subsidy.” I state: "A government for the people by the people" is ringing more hollow every day for the average American.
Socialism for the rich at its best.
lol 9/10 H1Bs probably make much more than OP.
That's probably one of the reasons for many layoffs and moving jobs to lower-cost areas to further reduce the cost.
The 10th guy is his landlord
Yes please go back to your glorious India.
You don't seem to understand how the market works OP. People buy products and services that are cheap for them (competitively priced). One important factor among others is labor cost and quality. Expanding the pool of available labor improves on both quality and cost (optimization over a superset of people). Why do you think all of your stuff is made overseas? What do you think would have happened if say in the 1980s there was a magic visa for unskilled workers in manufacturing to come to America no questions asked to work in American factories. There would probably be still more "American" manufacturing jobs today than there are now (though maybe there would be many many more Mexicans/others too). You can't fight basic economics. People will always buy in self interest. You can make it here or you can make it elsewhere.
The work visas distort a free market. I doubt that India has any similar work visas. Most countries will put their citizens first. USA puts its companies first.
You might not know what free market means. Or what subsidy means. Arbitrary nation borders distort the free market
Increasing the labor supply drives down the cost of labor.
If US didn’t have the diversity quota it would have been fucked long time ago
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First crack a FAANG and then post this hateful shit
OP is right. The fact that you consider this “hateful” says a lot about your worldview. I can’t imagine being afraid of truth.
That's true. By working in a tech company, you might feel you have won your big dream, but from the business point of view, you are a resource.