4 ms·
Wealthy immigrants can obtain investor visa easier outside of the H1B pool (EB-5). There is no reason why H1B should be distributed fairly, because the US has
by isoos 10y ago
Wealthy immigrants can obtain investor visa easier outside of the H1B pool (EB-5).
There is no reason why H1B should be distributed fairly, because the US has a green card lottery that is diversified across various jobs and countries anyway.
- bduerst 10y agoThe EB-5 requires starting a company and employing 10+ at >$50k/yr, meaning it costs $500,000+. Do you honestly think the H1B visa will bid higher than $500k/yr for base pay for the employee? The lottery evenly distributes amongst the positions based on demand. By switching to wealth, you're creating a system that only the highest-paying job categories will prevail.
- vostok 10y agoI am in an immigrant community where the EB5 is used. It does not cost $500k/year and it is an investment rather than a expense so it is not all comparable to the H1B program.
- bduerst 10y agoWe're referring to what it would cost for bad actors to abuse the system. Someone was saying that switching to a biddable H1B visa would solve problems because it's just like the EB5.
- gorkemyurt 10y agoThat's one way of doing it. But most of the people use a regional center [1] to park the $500k is a big real estate project like Hunter's Point Shipyard in SF or Hudson Yards in New York with no additional yearly cost. [1] https://www.uscis.gov/working-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/immigrant-investor-regional-centers https://www.uscis.gov/working-united-states/permanent-worker...