4 ms·
> False. Depends on the employer. You have to pay H1B employees more than the prevailing wage for the job. Many employers target 80th or even 90th+ percentile w
by qwytw 4y ago
> False. Depends on the employer. You have to pay H1B employees more than the prevailing wage for the job. Many employers target 80th or even 90th+ percentile wages for everyone, including H1B workers.
Technically not false, pretty obtuse though. Or are you claiming that e.g. software engineers/IT professionals on H1B visas are paid more than local with comparable skills/qualifications?
> Bringing in foreign labor to a market implicitly lowers the wages of those workers.
> False. That is how the first lecture in Econ 101 says markets work. The first lecture in Econ 101 isn't real.
You might try telling that J.Powell he probably never went past Econ 101 (if you listen what he says).
- howinteresting 4y agoI'm saying that people on H1B are paid more than the prevailing wage for a metropolitan region. Many employers pay all employees more than the prevailing wage for the metropolitan region. Where has Powell said anything about immigration, especially the sort of skilled immigration that H1Bs are issued for, and the labor market?
- qwytw 4y ago> Where has Powell said anything about immigration He did mention that lack of labor supply is driving up wages. > people on H1B are paid more than the prevailing wage for a metropolitan region Because H1B visas are generally only issued to high skilled professionals? Sure. a software engineer on H1B is probably gonna earn more than the waiter or cashier in the shop downstairs. Are they gonna earn more than their colleagues who are citizens/permanent residents? Obviously not...
- sidewndr46 4y ago> Many employers pay all employees more than the prevailing wage for the metropolitan region. That's not how statistics work. You can't just have everyone paying above the normal wage. We'd call it the normal wage.
- howinteresting 4y agoDo you understand that "employer" and "metropolitan region" are not the same? Some employers pay more, others pay less. Anyway, I'm done with this. Go talk to a lawyer and see what they say.