←back to thread

1245 points mriguy | 1 comments | | HN request time: 0s | source
Show context
jatins ◴[] No.45306204[source]
While the stated intention is to prevent abuse by consultancies, I think this effectively kills the H1B program. Who will be able to afford this?

Not startups. 100k is like 75% of base comp in most bay area startups

Among BigTech, maybe like ~20 companies will be willing to pay this per employee.

replies(5): >>45306264 #>>45306293 #>>45306327 #>>45306502 #>>45307568 #
zer00eyz ◴[] No.45306293[source]
> Not startups. 100k is like 75%

I dont know of a single person here on a visa making less than 150k salary. They get the same stock, bonus and benefits that every one else gets.... it's well over 300k to have that staff member when all is said and done.

You're not adding on 100k a year, you're adding on 100k for a 3-6 year employee.

Even if that works out to 20k a year, it's pocket change in the grand scheme of things.

replies(4): >>45306351 #>>45306362 #>>45306461 #>>45308611 #
jatins ◴[] No.45306362[source]
> I dont know of a single person here on a visa making less than 150k salary

Don't have data on this but anecdotally the base salary range for most YC startup jobs advertised here is around 150k-200k based on what I see.

You are right that it does amortize if the employee stays long enough.

replies(1): >>45307590 #
1. kelnos ◴[] No.45307590[source]
> it does amortize if the employee stays long enough.

And I expect workers on H-1B change jobs much less frequently than citizens & green card holders (and holders of "safer" visas), since changing jobs on an H-1B involves more risk that can end up with you being required to leave the US.