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And yet that delay is antithetical to starting to work in a new area, innovating rapidly, etc. The ability to attract and retain employees from anywhere around
by angry_octet 10y ago
And yet that delay is antithetical to starting to work in a new area, innovating rapidly, etc. The ability to attract and retain employees from anywhere around the world is a massive advantage, and this sounds like a disincentive program.
I agree with you that training is part of the solution, but for niche applications that can be pretty hard, you're talking people who have studied for years. So if you are doing work like that, why wouldn't you set up in a country without such restrictions? E.g. Vancouver.
How about caps on the percentage of H1Bs/L1s in any company (e.g. 15%), and the ability for H1B workers to transfer employers?
- scarface74 10y ago"but for niche applications that can be pretty hard, you're talking people who have studied for years." How many people that have studied for years to become experts at niche applications are being paid only $60,000 a year - the current minimum for H1B Visas? I would think that getting such an expert is well worth $130,000 a year.
- angry_octet 10y agoAgree that 60k is too low. But 130k is too high. Consider someone who has just finished their PhD in a relevant area. You want to employ them in your startup in e.g. Orlando, where the cost of living is much lower than SF. Maybe 80k is reasonable. But you'll have to pay a 50k premium. Or you could set up an office in Montreal. And then your tech team will come to Florida for a 3 month code camp every December anyway...
- frgtpsswrdlame 10y ago>Consider someone who has just finished their PhD in a relevant area. If they're hiring fresh grads, it should be an American. There's plenty of them.
- angry_octet 10y agoNo, not a generic PhD to go be sausage meat at some consultancy factory. Someone with specific skills. Who happens not to be American. There's probably one of them.
- readhn 10y agoThere are not. By the time you graduate with a masters or PhD you often accomplish a body of research work in a SPECIFIC field, have publications, patents. So yes you are a "fresh" grad but with 5-10 published scientific papers to your name. High tech scientific companies often don't have a luxury of choosing between multiple qualified candidates. Often you have 1-2 qualified applicants ( which takes a long time to find) who are a good fit and often they have foreign backgrounds. Why? I don't know, may be it has something to do with poor American education system? Which noone is interested in fixing it seems.
- frgtpsswrdlame 10y agoIf they're this incredibly rare then I don't see why paying them 130k is a big deal.
- stonemetal 10y ago>Consider someone who has just finished their PhD in a relevant area. Why? The H1B is supposed to bring in high skilled labor not new grads. If 80K is the going market rate for someone with those skills then you will be able to find someone to do the job for 80K. Artificially suppressing wages is the reason you can't find anyone to do the job for the "reasonable" rate. A pay spike will draw more people in to the field and allow wages to find their natural level.
- angry_octet 10y agoHate to break it to you but someone with a PhD is not a 'new grad', they have often been working in a high pressure job for ~5 years post graduation, usually required to do teaching, assist on their supervisor's research projects (lots of grunt coding), and do research and write a thesis. In this hypothetical, their value comes from having specific expertise on top of general skills. There is no guarantee you will be able to find an American with those skills, even for $129k. If there is a long term need, and the industry doesn't move somewhere cheaper, eventually there will be more applicants. I've yet to meet any company who says 'no problem, we'll just delay that project until we can find someone'. You could have a payroll tax on H1Bs, say 25%, that goes toward funding STEM PhD stipends, and peg their minimum salaries to be greater than the median of comparable American salaries. Though that may create a perverse incentive for companies to pay locals a lot LESS so as to reduce the overall salary bill. Needs some expert modelling...
- user5994461 10y ago> Hate to break it to you but someone with a PhD is not a 'new grad' Then they'll have no problem to get a 130k jobs. Looks like a good thing. Companies won't be able to pretend that they are fresh inexperienced workers and pay them peanuts.
- eli_gottlieb 10y ago>There is no guarantee you will be able to find an American with those skills, even for $129k. You could hire an American citizen with a PhD.
- 10y ago
- cobookman 10y agoDisagree that 130k is too high. Thats 130k total comp. If a startup can afford that kind of payment, then I dont understand how any company requiring a specialist would not. If you can't afford a dedicated specialist you'd pay for a consultancy firm who can lend you the specialist for a short period of time.
- scarface74 10y agoI have a friend that use to live in Orlando, the cost of living is about the same where I live (a major metropolitan city that's not on the west coast). If I were to join a startup as an software architect - the person whose decisions were going to make or break the company - I would be asking more than 130K. My skills aren't really that "specialized" in the grand scheme of things. If my expertise was going to make or break the company, $130K is not that much to ask.
- angry_octet 10y agoThis is an example of where $130k is too low. It should be $200k for that role in high cost competitive markets, and you would find yourself competing with more skilled applicants who only want $130k. Fixed minimums are just dumb.