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Here is my take on H1B, which after checking some facts, is the last thing to worry for an average US tech worker, who don't like H1B. ) 65k Visas + 20k (for U
by pvelagal 9y ago
Here is my take on H1B, which after checking some facts, is the last thing to worry for an average US tech worker, who don't like H1B.
) 65k Visas + 20k (for US educated MS degree holders) = 85k total every year. Lets say each one gets a 130k salary (Senator Chuck Grassley's recommendation) = ~$12 billion
) $12 billion Income. Lets say all these H1Bs send 25% back to their home countries = $3 billion gone out of USA, $9 billion spent in USA
) India's Software exports to USA in 2016 - (61+24.4+22.4 = $107.8 billion) source : https://www.statista.com/statistics/320753/indian-it-software-and-services-exports/ https://www.statista.com/statistics/320753/indian-it-softwar...
) Majority of these exports are to US. If we assume, the cost of getting software work done in India/China is probably 1/3rd of its cost in US, means, India, which exported ~$100+ billion worth of software, would have equalled $300 billion if the work was done in USA (thus creating jobs in USA).
*) India, through its software exports sucked $300 billion out of USA and hence took away jobs in USA.
Bottom line is, the rise of India's, China's software industries will suck the money out of USA. So, these numbers mean : H1B don't take jobs, Software engineers in India, China and rest of the world are taking them at an order of magnitude faster !
- kamakazizuru 9y agothis math is flawed in so many ways, I dont know where to start...
- pvelagal 9y agoPlease correct me.
- pvelagal 9y agoDisclaimer: I am from India, living in USA and i am reporting what i see, which is nothing but the typical effects/consequences of Globalization. Eg. Everything i buy in Target/Walmart, including US designed marvels, like "iphone" is made in China, which means, workers at that skill level in USA would get impacted. Consider the software equivalent use case, which is India. Software that comes out of India will have impact on workers at that skill level.