3 ms·
If immigrants are depressing salaries, how do you explain $120,000 (base + stock + bonus) for fresh graduates, paid by Amazon, Google, Facebook, Apple, Microsof
by petilon 8y ago
If immigrants are depressing salaries, how do you explain $120,000 (base + stock + bonus) for fresh graduates, paid by Amazon, Google, Facebook, Apple, Microsoft, etc?
https://www.cnbc.com/2016/12/05/heres-how-much-new-grads-will-make-at-companies-like-facebook-and-google-in-2017.html https://www.cnbc.com/2016/12/05/heres-how-much-new-grads-wil...
It's a hardened belief that jobs are a zero-sum game — and from this arises the idea that every skilled immigrant takes away a job from a U.S. worker. This isn't true. More skilled, educated workers will actually add to the economy — and grow the economy.
Some companies abuse the system, and the abuse must be stopped. But immigration of the best and the brightest is what made this country a superpower, and must be encouraged.
See also: http://paulgraham.com/95.html http://paulgraham.com/95.html
- Kephael 8y agoThere are not unlimited new graduate roles at these companies, Microsoft was telling students they passed the interview but that slots were full at the school I attend.
- dmoy 8y agoYour number is off by tens of thousands. Your number was already off by tens of thousands like 8 years ago. Closer to $180 than $120 now.
- vonmoltke 8y agoI don't see how cherry-picking a few of the top companies demonstrates anything. The top Big Law firms pay new associates $180k+, despite the oversaturated law market. There will always be competition for the cream of the crop. Pointing out the situation for that competition says almost nothing about the rest of the market.