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> Blanket requiring additional pay for H-1Bs seems fine, but leaves startups in a difficult spot where they're unable to bring in the same level of foreign tale
by xyzzy_plugh 6y ago
> Blanket requiring additional pay for H-1Bs seems fine, but leaves startups in a difficult spot where they're unable to bring in the same level of foreign talent that bigger companies are, as, of course these rules do not take into account equity based compensation.
That's fine by me. For the vast majority of startups, the equity compensation should be considered worthless anyways.
> As it stands, 4 out of 5 H-1B holders make more than average Americans.
The average American doesn't work in a job for which an H-1B would even be permitted, so I'm not sure what this point means? I'd expect everyone in an H-1B position to be making more than the average American.
> The process of bringing in H-1Bs is already so expensive, arduous and wasteful that companies aren't going to be bringing in huge quantities of "US replacement" labor. I certainly wouldn't if I were in charge of hiring.
It's expensive, yes, but it's still a very small amount compared to their overall compensation and benefits. If your entire staff is on visas maybe you'd have a bad time, sure, but otherwise it's usually a drop in the bucket.
The real joke is that H-1B is still a lottery, and in the time it takes people to get theirs, they might reconsider living somewhere else, like Canada.