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Why not let the market set the salary? The H1B program sets salaries using a "central planning" model, and changing the rules for the central planners won't re
by jt2190 11y ago
Why not let the market set the salary?
The H1B program sets salaries using a "central planning" model, and changing the rules for the central planners won't really fix the problem, because employers will learn how to game the new rules.
A better approach is to remove the "you can only work for one employer" restriction from the H1B, and let the employee take their H1B visa with them to any job they can get. This would give the employee the same negotiating power as other employees, which will allow them to get raises or take higher-paying work for another employer.
- ticviking 11y agoThe problem with that approach is that the sponsoring employer has borne the cost of the Red Tape, and now the employee has increased negotiating power as they are in the USA. Using a market within the central planning of the visa program is still an incremental improvement in the efficiency of the policy and therefore a worthwhile reform to consider.
- serge2k 11y ago> The problem with that approach is that the sponsoring employer has borne the cost of the Red Tape, and now the employee has increased negotiating power as they are in the USA. Which is why you better pay them market rate. This is also the exact reason for the golden handcuffs idea. Toss them a bunch of stock at the 1 and 2 year marks.
- Zigurd 11y agoThat's a feature, not a bug. It incentivizes the sponsor to offer a compensation package that won't be sniped.