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In theory, increasing the supply of labor lowers it's value. In practice, I'm unconvinced. Tech companies succeed when they put quality over quantity, and dema
by losteric 10y ago
In theory, increasing the supply of labor lowers it's value.
In practice, I'm unconvinced. Tech companies succeed when they put quality over quantity, and demand for high-quality engineers simply exceeds the quantity put out by our universities.
We aren't hiring H1Bs for cheap labor, we're poaching the best from other countries. Hiring more lower-quality local talent is not equivalent.
- openmosix 10y agoThere is a reason why these companies have international branches. Talent leaders are always monitoring international talent pools. If they cannot provide enough supply for an office - and another office has enough of it, granted the quality is high - they'll just move the next projects to the other office. And smaller companies are starting to embrace remote work. So, no more borders and visas.