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Giving H-1Bs expedited green cards only accelerates the decline of the price of skilled labor.
by richardlong 10y ago
Giving H-1Bs expedited green cards only accelerates the decline of the price of skilled labor.
- aanm1988 10y agoYou still have caps. The difference is you don't have H-1B workers who are trapped in jobs and have little power to move around and increase their wages. You can see this today. Look at the number of GC sponsorships by companies that treat H-1B employees well (Google, Microsoft, etc...) vs the consulting companies like Infosys and Tata. They have no interest in getting their employees green cards because then they have no power over them.
- bobdole1234 10y agoThe knowledge economy isn't a zero sum game. Adding skilled labour can allow more opportunities to add more skilled labour jobs. Without the extra slack, there's no opportunity. Part of what makes Silicon Valley work is that there's a lot of talent that is somewhat slack to allow for new companies to get started.
- sumitgt 10y ago@richardlong: I'm not even talking about expedited GCs. Even the normal GC process is horribly broken for people who are born in India. Look up "Green Card backlog India" related searches. Currently it would anywhere from 15 to 35 years for a H1-B from India to get a Green Card after their Perm is filed.