3 ms·
This is the lump of labor fallacy. People are both consumers and laborers; by bringing someone new into a labor market you marginally decrease demand for their
by derektank 2y ago
This is the lump of labor fallacy. People are both consumers and laborers; by bringing someone new into a labor market you marginally decrease demand for their skill set but you also marginally increase demand for all other labor. If H1-B visa holders all worked in the same industry, it could conceivably lower wages in that industry but they don't. They work in everything from healthcare, to IT, to education.
- ahi 2y ago66% of H1-B approvals are in computer related positions. https://www.uscis.gov/sites/default/files/document/data/OLA_Signed_H-1B_Characteristics_Congressional_Report_FY2022.pdf https://www.uscis.gov/sites/default/files/document/data/OLA_...