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Of course I agree with my peer comment, that the alternative to an H-1B isn't open borders. There are a number of other countries with much more reasonable immi
by arcticbull 5y ago
Of course I agree with my peer comment, that the alternative to an H-1B isn't open borders. There are a number of other countries with much more reasonable immigration programs - Canada and Australia for instance - which prioritize immigration of individuals that would provide the most value for the labor market by assigning skills and attributes a point value. It's important to separate out the quantity of immigration, what they do/where they go, and how they're restricted in the process.
With that in mind, consider also that 'and according to a 2018 study by the National Foundation for American Policy, immigrants founded or cofounded 55% of the United States' billion-dollar companies.' [1] It's not a zero-sum game, and stapling would-be founders to companies they would rather not work at for decades (H-1B for Indian born folks) hoping to get the freedom to found the next unicorn is quite a waste of time, talent and their risk-on years.
As an aside, it's interesting that folks want high wages, high disposable income, low inequality, low prices and low inflation all at the same time. I strongly suspect that these are fundamentally incompatible goals. Feels like, at most, a pick-two kind of thing.
[1] https://hbr.org/2021/08/research-why-immigrants-are-more-likely-to-become-entrepreneurs https://hbr.org/2021/08/research-why-immigrants-are-more-lik...