About 40% of H-1B Jobs Give Employers a Tidy $40,000/Year Discount

Center for Immigration Studies ^ | 18 January 2019 | David North

[NobleFree]

If those outfits hiring foreign programmers are so stupid, then they should go bankrupt.

They will eventually ... but in the meantime they'll take a substantial part of the American middle class with them.

[central_va]

Will you be surprised when they introduce you to your H-1B replacements and have you train them?

Been here, done that. It's when I learned the USA was the land of greedy corporate cutthroats.

[Fraxinus]

I wonder how often one of these companies sends out a head hunter and get the response from a prospect: “You could not pay enough to work in Silicon Valley”

I would like to see the reaction of the heads of some of these companies if they were told they need to go to the High School in a small midwestern city on career day and explain how their company offers a career path for the graduates to follow for the next 40 years. Oh and the careers will be in the student’s home town.

[central_va]

And they essentially get a slave who can’t quit.

Almost but not quite. You can't actually whip them.

[central_va]

As a career finance guy, I say the minimum wage for an H1B should be $150,000 / year. Companies that need talent will pay for it. Those that don’t need talent are merely looking for cost savings.

They will just demand a kick back.

[entropy12]

Sounds to me those 275,000 foreign STEM workers are a better option than the 30 million illegals in US, majority of whom are low skilled and sucking at the tit of US tax payers. And hundreds of thousands of low skilled illegals are flooding in with no Wall.

Deporting millions of illegals sponging off welfare should be much higher priority than deporting OPT workers.

[central_va]

We are a land of myopic corporate cutthroats.

[null and void]

[central_va]

Anyone with a brain larger then a pea could see I was criticizing H-1B.

[null and void]

Almost but not quite. You can't actually whip them.

I've never seen an actual physical whipping...

[thoughtomator]

Unfortunately our economy has been getting increasingly top-heavy with too-big-to-fail institutions and even a catastrophic outcome won’t put them out of business. Fannie can’t go out of business. Nor can, as a practical matter, Equifax, which got breached worse than a Scandanavian hiker in Morocco. Don’t think anyone went out of business over the OPM breach either. And so on and so forth.

What you say makes sense in a free market economy, but we are distant from that kind of economy now. Government and its dictates are more than half the economy today when you add up direct spending, tax incentives, and regulatory compliance.

[central_va]

I've never seen an actual physical whipping...

Believe me the these MBA's would if they could.

[entropy12]

So you want to put restrictions on open market capitalism? That is slippery slope towards gov’t control of businesses.

[null and void]

In. A. Heartbeat!

[dennisw]

“When that one H1-B worker almost successfully nuked Fannie Mae”

lol......Do you have more details on that?

[entropy12]

Love your post!

[dennisw]

https://www.bing.com/search?q=Rajendrasinh+B.+Makwana&pc=MOZI&form=MOZCON

[neverevergiveup]

Overuse of H-1Bs has had a very bad effect on US science.

[thoughtomator]

https://www.washingtontimes.com/news/2009/jan/31/plot-seen-to-destroy-data/

Sabotage and espionage are two H1B risks that are not much discussed but they are real. When they have no loyalty to us the odds of these kinds of things go way way up.

[entropy12]

There is a whole bunch of truth in what you said. In my opinion the root cause is big gov’t. Big business and big gov’t are Siamese twins, and can’t exist without each other.