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If hiring foreigners is only about getting cheaper labor, why do all the best paying tech employers (FAANGs, unicorns, quant trading firms etc.) have so many fo
by esoterica 8y ago
If hiring foreigners is only about getting cheaper labor, why do all the best paying tech employers (FAANGs, unicorns, quant trading firms etc.) have so many foreign born workers on staff? America is only 5% of the world’s population, if you want to hire the most talented people possible, you will inevitably see substantial foreign representation. I work with plenty of non-citizens who get paid millions of dollars a year. I don’t think they were hired because they were cheap.
- CodeMage 8y agoIt's not only about getting cheaper labor -- that's what many people get wrong. It's also about dodging the rules of the free market: an H-1B holder can't just get up and leave the company if they don't like how they're being treated. Sure, it's theoretically possible, but it's a hell of a lot harder for an H-1B holder than for a citizen or a permanent resident.
- sjg007 8y agoIt's a dichotomy. There are well qualified tech workers who get H1Bs and high paying jobs and there are body shops. There are companies that have tech components who want to outsource for example. One of the reasons to enforce higher pay is to enforce the former. There's supposed to be gov't monitoring of salaries etc... to check for abuse and also public transparency so that authorized workers can see their value. These offers are supposed to be publicly posted in the office and you can also see official H1B public filings to see how your salary matches official offers (although the online data will have a job title and not necessarily the job specific role/criteria that the public posting in the workplace would have).