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> what makes you think they will allow them to move abroad without severe penalties To my knowledge, there's no penalty (severe or otherwise) for shutting down
by nomilk 1y ago
> what makes you think they will allow them to move abroad without severe penalties
To my knowledge, there's no penalty (severe or otherwise) for shutting down a company in the US.
There are probably many more gentle solutions too, like if a multi-national wants an H-1B, but they have offices in other countries, they might simply hire through their offices in other jurisdictions. The employee could even take extended work trips to the US if required (but remain hired through the other country's office).
- zerosizedweasle 1y agoI think you underestimate the new populist era of state capitalism. The free market no longer reigns supreme. National interest is the guiding light. They will figure out ways to coerce companies to follow their agenda.
- techblueberry 1y agoNational interest would be a big improvement from what it seems like the current guiding light is.
- zerosizedweasle 1y agoMaybe so, but the point is, this whole 'we'll just move abroad and outsource and there will be no consequences' doesn't take into account how the environment has changed. Do tech companies really want to face off against the power of the government? Is that even a fight they could win? The government could sanction them, cut off their access to the US banking system. All sorts of ways to make them hurt.
- oytis 1y agoIt doesn't have to be as dramatic as companies loudly announcing they are moving abroad - US is in a different political era indeed. But it sure will affect the decisions on where companies grow their headcount and where they shrink it or keep the same. Longer term it will affect where companies establish their headquarters too. US used to be the place for entrepreneurs with global ambitions, but if it rejects globalism they will have to look elsewhere
- foogazi 1y agoCould also be bad too Just make sure you know what the fence was for