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1245 points mriguy | 2 comments | | HN request time: 0.41s | source
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LPisGood ◴[] No.45308776[source]
I think this is an upfront cost, not an annual cost.
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k33n ◴[] No.45308868[source]
It is an annual cost. This will dramatically shake up the US tech industry. I expect to see engineering budgets increase, and less Americans struggling to get interviews and ultimately jobs at companies HQ'ed here.

The originally stated purpose of the H1-B program was to import top-tier elite talent but anyone who watched it evolve saw that it became terribly exploitative. I've watched as companies that I've worked for have given 1/4 market rate or worse to H1-B hires. They got addicted to cheap talent. It stopped being about talent on the hiring side and more about increasing head-count at a major discount.

Bring in top talent, but pay them what they're worth if you do. A top-talent elite hire should easily be worth double what a native-born top-talent elite hire would be worth if this program can just do what it was designed to do.

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1. rogerrogerr ◴[] No.45308914[source]
I hope this is the outcome. Can anyone convince me that these companies won’t just hire more Indians in India (or outsource to Indian companies)?
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2. nebula8804 ◴[] No.45309080[source]
Because they would have done it already. Why go through the hassle of bringing over an h1b if you could just hire them overseas now? The use case for h1b is different from outsourcing. If the requirements need to have someone in their US branch then you use h1b.