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> Not really, Big Tech pays H1Bs competitive salaries That doesn't challenge the argument. Wages are set by supply and demand, expand the supply and wages fal
by biggermike 6y ago
> Not really, Big Tech pays H1Bs competitive salaries
That doesn't challenge the argument. Wages are set by supply and demand, expand the supply and wages fall. It doesn't matter if H1B wages are similar to a U.S. residents; wages as a whole are depressed.
As a personal example, the entry level of my field is almost completely composed of freshly graduated H1B Visa holders. The market rate is dictated by whatever their wages are, which actually isn't too far below the $200K headline number.
- lern_too_spel 6y agoIf anything, this change will reduce big tech wages because they don't have to compete against the bodyshops in the H1B lottery. The people the bodyshops were bringing in weren't going to get hired by the big tech companies anyway. On the other hand, the H1Bs working at big tech with higher salaries are more likely to later start another company, which will increase demand for top tier engineers, but this effect will take longer to materialize.