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> This is very hard to square with software professionals being the fastest growing profession both in terms of number of employed workers and earnings in the p
by hearsathought 11mo ago
> This is very hard to square with software professionals being the fastest growing profession both in terms of number of employed workers and earnings in the past 2 decades.
Just because the wages rose doesn't mean it wasn't suppressed. It's likely wages would have risen even higher without foreign workers increasing the supply of labor. It's simply supply and demand. No?
> I’m predicting that the uncertainty and discouragement of H1-Bs will lead to a destruction of jobs in the U.S. and a suppression of salaries as high quality software engineers don’t move to the U.S., allowing the center of gravity of the industry to shift out of the U.S.
You seem to think that H1-B visas made the US the center of the tech world. It didn't. The US was the center of the world long before H1-B visas existed. Besides, if such a shift were possible, why wouldn't india hold onto their workers and become the center of the industry? Because India is incapable of being the center of anything. What region has the geopolitical clout along financial, cultural, scientific and military importance to become the center of the tech industry? India? Europe? China? Laughable isn't it?