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I make $400k/yr as an immigrant, and boy do I feel exploited :) Edit: Sorry for being sarcastic and flexing here. I’m friends with many IMO and IOI medalists (
by Tinyyy 6y ago
I make $400k/yr as an immigrant, and boy do I feel exploited :)
Edit: Sorry for being sarcastic and flexing here. I’m friends with many IMO and IOI medalists (per the paper) who are studying/working in the US and I think it’s an amazing opportunity for them. Where I grew up in Singapore, tech salaries are way lower, and as a new grad I think I easily 3xed what I could’ve made back there. I’m not representative of all immigrants but I believe I can represent a class of highly skilled immigrants who appreciate the opportunity. It’s extremely insulting to call people like me exploited, because the next line is - I’m bringing down your wages.
- arkitaip 6y agoImagine thinking you are representative of US immigrants.
- deleted 6y ago[deleted]
- TeeMassive 6y agoImagine thinking you speaking as a representative yourself...
- nostrademons 6y agoThe paper is specifically talking about highly skilled immigrants in math & science, though. Their dataset was a few thousand IMO gold medalists. Grandparent poster's experience is a lot more representative of this sample than a random agricultural worker who crosses the Rio Grande.
- notsureaboutpg 6y agoThe title is misleading though. The vast vast vast majority of migrants to the US are random agricultural workers and the vast vast vast minority of them are IMO gold medalists from Singapore.
- cccc4all 6y agoCould you make that or higher amount in your former country? If not, why not?
- jokethrowaway 6y agoThe US did good economically in the past couple of centuries. There's significantly more money in the USA than in a lot of other countries. Even accounting for the ridiculously high taxes and the work-80hrs culture, the high salaries can be worth it for some people.
- anxrn 6y agoIrrespective of which of the myriad ways you use to compare tax raters, the assertion that the US has "ridiculously high taxes" does not hold up. https://www.crfb.org/blogs/us-highest-taxed-nation-world https://www.crfb.org/blogs/us-highest-taxed-nation-world
- terse_malvolio 6y agoDoing what?
- papandada 6y agoPost history seems to say he won a trading competition. To whoever downvoted this did you think I needed to add "so presumably he works in something along those lines"?
- dkdbejwi383 6y agoHow much of that do you spend on health insurance?
- cdash 6y agoProbably almost nothing. People who make salaries like that also have incredibly good insurance that is also mostly paid by their company.
- esoterica 6y agoProbably $0? People usually get health insurance on top of their reported compensation.
- bobthepanda 6y agoThe health insurance isn’t usually free. And a lot of employer plans have either lots of restrictions or high deductible or some other gotchas.
- deleted 6y ago[deleted]
- danans 6y agoWhen group health insurance is provided in the US, employers and employees usually split the cost of insurance premiums. Both employers and employees can treat their premium portion as a tax deductible expense. Additional copays and out of pocket expenses are completely on the employee.
- np- 6y agoEven some of the worst possible HDHP plans that employees can get have a max out of pocket of $10k/yr (pre-tax) with HSA. So you can say in the worst case OP makes $400k and pays $10k in insurance if he has some major health issues to be addressed. Or maybe just say he makes $390k and has totally free insurance? Even if he’s spending something ridiculous like $50k/yr on a family of eight’s insurance he’s still way better off.
- goldforever 6y agoGood for you!