5 ms·

This will send shockwaves through corporate America. I was at a Capitol One office last summer talking to their engineers. It was over 90% H1-B visa holders.

This will send shockwaves through corporate America. I was at a Capitol One office last summer talking to their engineers. It was over 90% H1-B visa holders. Either they have to open foreign offices in other countries for talent or hire American citizens. It'll be interesting to see how it plays out.

posguy 9y ago
Why isn't Capital One hiring American Citizens? If any company should be required to do so, payments related companies should be required to hire citizens.
- canttestthis 9y ago
  What makes payments related companies so special?
  - mrdodge 9y ago
    The privacy and security concerns?
    - sumedh 9y ago
      Facebook has more impact on privacy and security than a payment company.
- deleted 9y ago
  [deleted]
mc32 9y ago
We need to take a page out of the old Russian system. Get the younger generation prepared for a STEM field to excel. The USSR did a lot of things in hamfisted ways, but one thing they did right was strengthening their STEM education and cranking out very good scientists and mathematicians. We can do that too, if we put the effort into it. Instead we crank out liberal arts kids and other low value add degrees --I mean, nice to have well rounded education, but don't add to the economy as much as they could in other fields. China isn't getting to where they are by having a bunch of kids graduating with humanities degrees, that's for sure.
- notimetorelax 9y ago
  To continue your analogy: get Russian younger generation prepared for a STEM and then see all of them go to other countries for work. If US companies cannot profit from diversity they would have to open offices elsewhere.
  - mc32 9y ago
    Russian graduates would love to stay in country, but the the gov't and economy are both big turnoffs... so, while they would love to stay and contribute their "motherland" many who have the option, opt for greener pastures. It's a bit sad to see a country lose all its talent and potential due to bad economics and politics. If Russia just tried a little harder to open up, they would have the potential to be contenders. But the brain drain certainly does not help their cause.
- closeparen 9y ago
  What are you talking about? There are far too many STEM graduates already. Brilliant people with PhDs from great schools often can't find living-wage work in their fields. Becoming highly educated in STEM isn't just low-value-add, it destroys value: a smart person wastes years of his life and productive capacity training for a research position he'll never get, then (optimistically) gets a programming or finance job which barely (if at all) leverages a few of his undergrad classes. The economy, and basic human compassion, require that we stop wasting these people's youth and loading them up with debt. We need drastic cuts to STEM programs until we're producing graduates at somewhere near the rate at which we're hiring them. That, or a massive investment in private sector R&D and public grant writing such that the output of the existing STEM education machine can find decent, relevant work.
  - mc32 9y ago
    Either companies i know don't know how to find the surplus of domestic stem students and thus hire from abroad (and actively complain about the changes), or maybe we just don't pay enough to syphon people away from the high paying liberal arts professions. Who knows, maybe the administration is right, we have a glut and need to restrict outside pressure in those fields.
KevinEldon 9y ago
The title is misleading. The article and the source reporting from Politico [1] state that the intent is to shift to merit based immigration policies away from policies that favor individuals with family connections. From the Politico article the legislation would "increase the number of green cards — which allow for permanent residency in the U.S. — that are granted on the basis of merit to foreigners in a series of categories including outstanding professors and researchers, those holding advanced degrees, and those with extraordinary ability in a particular field." 1: http://www.politico.com/story/2017/07/12/trump-legal-immigration-cuts-240478 http://www.politico.com/story/2017/07/12/trump-legal-immigra...
- mrdodge 9y ago
  I think people from family oriented cultures will be less likely to come here if they can't bring everyone over.
mrdodge 9y ago
I bet we'll see more women get into IT and software engineering once the industry becomes more diverse. 90% H1-Bs, most from truly misogynistic countries has more impact on the lack of women in IT than some bros.
- gautamdivgi 9y ago
  What complete rubbish.

posguy 9y ago

Why isn't Capital One hiring American Citizens? If any company should be required to do so, payments related companies should be required to hire citizens.

canttestthis 9y ago
What makes payments related companies so special?
- mrdodge 9y ago
  The privacy and security concerns?
  - sumedh 9y ago
    Facebook has more impact on privacy and security than a payment company.
deleted 9y ago
[deleted]

mc32 9y ago

We need to take a page out of the old Russian system. Get the younger generation prepared for a STEM field to excel. The USSR did a lot of things in hamfisted ways, but one thing they did right was strengthening their STEM education and cranking out very good scientists and mathematicians. We can do that too, if we put the effort into it. Instead we crank out liberal arts kids and other low value add degrees --I mean, nice to have well rounded education, but don't add to the economy as much as they could in other fields. China isn't getting to where they are by having a bunch of kids graduating with humanities degrees, that's for sure.

notimetorelax 9y ago
To continue your analogy: get Russian younger generation prepared for a STEM and then see all of them go to other countries for work. If US companies cannot profit from diversity they would have to open offices elsewhere.
- mc32 9y ago
  Russian graduates would love to stay in country, but the the gov't and economy are both big turnoffs... so, while they would love to stay and contribute their "motherland" many who have the option, opt for greener pastures. It's a bit sad to see a country lose all its talent and potential due to bad economics and politics. If Russia just tried a little harder to open up, they would have the potential to be contenders. But the brain drain certainly does not help their cause.
closeparen 9y ago
What are you talking about? There are far too many STEM graduates already. Brilliant people with PhDs from great schools often can't find living-wage work in their fields. Becoming highly educated in STEM isn't just low-value-add, it destroys value: a smart person wastes years of his life and productive capacity training for a research position he'll never get, then (optimistically) gets a programming or finance job which barely (if at all) leverages a few of his undergrad classes. The economy, and basic human compassion, require that we stop wasting these people's youth and loading them up with debt. We need drastic cuts to STEM programs until we're producing graduates at somewhere near the rate at which we're hiring them. That, or a massive investment in private sector R&D and public grant writing such that the output of the existing STEM education machine can find decent, relevant work.
- mc32 9y ago
  Either companies i know don't know how to find the surplus of domestic stem students and thus hire from abroad (and actively complain about the changes), or maybe we just don't pay enough to syphon people away from the high paying liberal arts professions. Who knows, maybe the administration is right, we have a glut and need to restrict outside pressure in those fields.

KevinEldon 9y ago

The title is misleading. The article and the source reporting from Politico [1] state that the intent is to shift to merit based immigration policies away from policies that favor individuals with family connections. From the Politico article the legislation would "increase the number of green cards — which allow for permanent residency in the U.S. — that are granted on the basis of merit to foreigners in a series of categories including outstanding professors and researchers, those holding advanced degrees, and those with extraordinary ability in a particular field." 1: http://www.politico.com/story/2017/07/12/trump-legal-immigration-cuts-240478 http://www.politico.com/story/2017/07/12/trump-legal-immigra...

mrdodge 9y ago
I think people from family oriented cultures will be less likely to come here if they can't bring everyone over.

mrdodge 9y ago

I bet we'll see more women get into IT and software engineering once the industry becomes more diverse. 90% H1-Bs, most from truly misogynistic countries has more impact on the lack of women in IT than some bros.

gautamdivgi 9y ago
What complete rubbish.