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When is the minimum salary requirement going into effect? Trump had promised $100k minimum salary. Now, paying immigrants $100k is foolish macro economic poli
by jmpman 9y ago
When is the minimum salary requirement going into effect? Trump had promised $100k minimum salary. Now, paying immigrants $100k is foolish macro economic policy, when they’ve been shown to work for substantially less. The purpose of the $100k minimum is to make the US citizens more competitive, but there’s no reason the additional money needs to go to the H1B. Instead, the additional money should be a tax (say $40k for an H1B making $60k), and that money should be earmarked for scholarships for US citizens studying in the field occupied by the H1B. This increases the labor pool, which is the justification for the H1B system in the first place, and keeps these newly minted US citizen graduates competitive against the H1B flood. The policy should be supported by the left as it helps college students and by the right as it increases the labor pool, ultimately driving down wages using domestic labor and improving trade balance by dramatically reducing money sent overseas.