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"I don't understand. If they decide to hire more in India they won't need H-1Bs any more." That's exactly the point I was trying to make, that the former H-1B
by sizzle 6y ago
"I don't understand. If they decide to hire more in India they won't need H-1Bs any more."
That's exactly the point I was trying to make, that the former H-1B individuals will be hired to work at these new facilities in their homeland instead of bringing them to the bay area, as they no longer have physical working spaces here due to Covid-19 office closures and remote WFH for the foreseeable future.
Tech companies can then divest their expensive bay area real estate and shrink their HQ footprints to be a more global workforce and at the same time establish themselves in India and create custom hardware fabs away from Shenzhen and China, with lower cost savings of labor in India.
This will lower their H-1B hiring and talent acquisition costs drastically and the best and most talented H-1B's can instead work from the comfort of their home countries (e.g. India).
Thoughts?
- smenyp 6y agoBut "this will increase salaries by reducing supply" is the common narrative on HN that one cannot fight. Reasoning bottoms-up, you are right. This will reduce Bay Area footprint, and will allow good talent to join at lower costs. Couple this with top Indian talent in US not being treated fairly (most Indian immigrants have to wait 4-5 decades before being eligible for a green card even at Google / FB / etc..). The future for the Bay Area may not be as bright as the last 15 years. I certainly hope this isn't the case since I have a vested interest in the Bay Area but I do think longer term this is going to be the outcome though.. :( Reasoning ground-up is not the faint of hear though. Most people want to extrapolate the world from the recent past based on their personal self-serving biases.
- sizzle 6y agoThank, I'm also invested in this area. I am trying to arm myself with knowledge to possibly correct course and be as realistic as possible in the next 5 - 10+ years out.