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> A no brainer to me would be that as the supply of something increases, the price goes down Sure, that is true, but this is a special case in which there is u
by trustfundbaby 14y ago
> A no brainer to me would be that as the supply of something increases, the price goes down
Sure, that is true, but this is a special case in which there is unmet demand and strict assessment and checks (the h1-b quota) to ensure that it doesn't adversely affect wages. If demand drops to zero then you adjust the quota accordingly that year (to use an extreme example)
> you'd be increasing the supply of technology workers by 65,000 per year. You don't think this would do anything to depress technology worker wages?
a. you're assuming that all 65,000 go to work in tech, thats not correct. h1-b is used to hire doctors, researchers and folks in the sciences and other highly skilled areas.
b. But you don't take into consideration how many of those people would go off and start their own company and contribute to increasing demand for technology workers
I think this fear of depressed wages is a bit irrational. Engineer wages have gone up and the h1-b program has been in place for many years, but we're still worried about this.
What about the 14 Million illegal immigrants that may get amnesty under the new law? if only 1% of them are engineers (I bet its higher than that). thats still 140,000 folks that get added to the engineering supply overnight!
- deleted 14y ago[deleted]