Source: Olga Nesterova on X/Twitter — Private front-end.
People also share that this is causing travel disruption:
Relevant: President Donald J. Trump Suspends the Entry of Certain Alien Nonimmigrant Workers
Source: Olga Nesterova on X/Twitter — Private front-end.
People also share that this is causing travel disruption:
Relevant: President Donald J. Trump Suspends the Entry of Certain Alien Nonimmigrant Workers
Honestly, this isn’t a terrible concept. The execution leaves a lot to be desired, however.
That $100,000/yr would presumably be paid by the employer, because what employee would agree to that?
This increases the cost of their previously-dirt cheap labour by a lot, opening positions for Americans.
actually it wont, it means they will just solely hire international without having them move to the states for work.
That’s a terrible take. If that was the case, why do they hire in the US AT ALL? Just cut out the middle man of dealing with visas at all and just hire everyone in Asia. But they don’t because there’s value to having people on the ground in the US.
Sure there would be value, but now with an additional 100k hurddle,.expanding overseas office may be a better value
But that doesn’t make sense. The gap between a US based HB1 and someone in China or India was already well north of 100k - so why were there jobs in the US at all to begin with?
Decisions and jobs aren’t monolith.
In some cases employers are going to hire US based no matter what. In other cases there would be a choice and this policy may tip the scale in some of those cases.
In aggregate, it seems really likely to me that this will result in some outflow of jobs from the US to international
Sure dude. Not like companies will offshore entire teams to Asia to save money. They can hire entire team there for a salary of American employee.
Then no H1b workers earning and spending money in USA. That should do wonders for the economy.
Microsoft has ~4 major office buildings in Vancouver.
Amazon has two(one massive) and two warehouses that I know of.
Nintendo has an office.
Salesforce had one of their core dev hubs there.
EA has two massive compounds, their main one which just added 50% capacity.
They won’t offshore them to Asia. They’ll move them back across the border.
Yeah I suppose that’s a good point.
However, you’d have higher paid Americans spending more money in America.
I dunno. I’m not an economist, but there’s a housing crisis and I feel like companies importing cheap labour is a piece of the problem.
Also, I’m Canadian, so I’m kinda using our TFW program as an analogue, I’m not entirely sure how H1Bs work.
There’s more housing than demand in the US. The cause of the “housing crisis” is institutional landlords who snapped up foreclosures after 2008 for pennies and jacked up rents beyond affordability, as well as keeping units vacant to make it appear that there is constrained supply. There aren’t nearly enough H1B holders to impact nationwide affordability.
It’s a multi-pronged problem, all of which lead you back to the same root problem of corporate greed.
So another “tariff” tax for Americans lol.
Technically yes, but if it keeps jobs in America it’s a much more worthwhile one.
The way it was done is ridiculous though. I’d rather have it stsy the same than this crap. Having a fee so companies can’t just outsource for cheaper labor is probably what’s been needed for a while though. $100k is too much and is basically never going to be worth it. And having it apply to everyone instantly is stupid as well.
It’s not a zero sum game. If you make the workforce more expensive guess what, your products gets more expensive, and thus less competitive so you’ll export less and the cycle continues. The production of competitive items will just shift to another country, and if you try to block that (say more tariffs) from coming to the USA, bravo you played yourselves and only now have access to inferior products.
Making it harder for people to move to the US to work is not going to keep jobs in America. It means companies are more likely to hire foreign talent as remote workers instead.
How would it do that? If anything, the opposite will happen. Instead of bringing skilled workers from other countries into the USA (which benefits the US as they pay US taxes and spend money in the US), companies will instead hire those same people to work at their other offices (London, Sydney, Singapore, wherever), or just outsource the work.
Well, I did say if. Not every company has international offices. And not all of those positions can be filled overseas either.
Yea I suppose, but if they pay Americans a fair rate instead of immigrants dirt rates, that tax will be less and Americans on average will have slightly more money.
its not because of the wages, eventhough it has an effect. they would have to pay benefits in terms of insurance, or retirement plans to us citizens, which cost more than just paying wages for a visa worker.