4 ms·

> The purpose of H1B Visas is to supply talent that CANNOT be found domestically. They are not designed to suppress the wages of locals... If this is really th

• riskable 10y ago
  The problem with auctions is that employers in areas with high cost of living would get away with bargains while everyone else would get nothing or very expensive employees. This would result in some perverse market incentives and unintended consequences. Not so dissimilar to the unintended effects that the H1B visa created in the first place.
  • bandrami 10y ago
    Win win. That means states couldn't do a race to the bottom of wages to poach tech companies. Sounds good to me.
  • vostok 10y ago
    As an employee with unique skills, I have found that my pay does not depend on cost of living.
  • jobu 10y ago
    As someone that's lived (and hired people) in both low-cost and high-cost areas, the pay doesn't scale the same as the costs. There are tradeoffs for those areas that go beyond the costs. Usually people think of climate or culture but there were a couple other non-obvious ones that I ran into: 1) Companies that are doing well and growing in a low-cost area tend to suck up all of the available talent in that area, and they need to relocate or increase salaries to incentivize people to move there. 2) Low-cost areas generally have fewer jobs for highly educated and highly skilled people, so as an employee I'm taking a huge risk by moving there. If the job doesn't pan out or the company takes a dive, then I may need to move to a different area to find another job in my field.