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Do you want to work with them even if that means a lower salary? Surely, since you’re among the “brightest in the world” you understand that labor prices are se
by rcme 3y ago
Do you want to work with them even if that means a lower salary? Surely, since you’re among the “brightest in the world” you understand that labor prices are set by supply and demand. The H1B process increases the labor supply and thus decreases the price of labor.
- ajmurmann 3y ago> since you’re among the “brightest in the world” I'm certainly not one of them, but love working with bright people. > you understand that labor prices are set by supply and demand. The H1B process increases the labor supply and thus decreases the price of labor. The pie isn't fixed. I believe it will grow and there will be more for everyone if we allow everyone to thrive. New people create demand and maybe reverb start some new companies. Further, the labor could also happen entirely in another country which would be much worse for US workers. IMO the biggest issue with H1B is that it restricts worker choice and thus creates a somewhat captive class of workers who can be paid less. The best way to solve this is to reduce constraints on H1B holders
- rcme 3y agoThat’s true. I concede productivity isn’t zero sum.