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This also takes out randomness.
This means fewer students, doctors, and so on, but it means immense economic value, which is what the program should bring to Americans.
The program should not displace—and it has been recorded doing that—even if it boosts employment overall.
People should not train their replacements.
The program should bring in people who bring the maximum amount of value to Americans.
Because the point of the program is not aid for skilled people from the rest of the world, it's enriching America.
Let's remember that.
And yes, other immigration reform needs to happen.
Link:
he tried this first term and it was struck down by the courts i think was the result
I liked this article on it
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Deva Hazarika
@devahaz
Good article on H1B issues.
TLDR: make it really about top talent by replacing the lottery system and doing things like auctioning spots to companies willing to pay for critical needs, ranking by role salaries, and ranking applicants on point system of various factors x.com/DanielDiMartin…
This would be terrible because it hurts startups while big tech would be fine. Arguably, people working in startups, paid less, are significantly more important than people in big tech
I have yet to see a strong argument for why these “tech superstars” can’t work remotely from New Dehli instead of needing to come to America and bring all of their relatives and cousins.
This is why I suggested auctioning off the slots with a floor of $100k & then adding high taxes on top of that. It ensures you get the highest quality & cut out the chaff while making money flowsv
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Mankosmash
@Mankosmash
Replying to @BaldingsWorld
1. Cap the H1Bs at 1k per week, no exceptions
2. Auction them off, bidding starts at $100,000. Employers pay a payroll tax of 50% & remittances are taxed at 50%.
3. Last 4 years. 3 years is probation. If employer terminates & deports within the 3 years, gets a credit of ~$50k
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Interesting but sometimes hard to determine compensation with base, bonus, accelerators, RSUs etc and then validate they did/did not receive (W2?)
Auctions might work better
Need to grandfather existing H1Bs (looks to be happening) and also unbind visa to single employer
compensation ranking with locality adjustment to the federal regional rate.
And simpler way to say this is that the fee should reflect the market clearing price that brings in the targeted number of high skilled workers. $100k per petition (not per year as erroneously reported) has a roughly 50% chance of hitting the market clearing price. This would
Half the visas go to liquor stores graduates, and running down to Kansas
Can he do this via executive order? Because if not, it's moot since we have no congress
Pretty sure a university can outbid OpenAI. But who needs that stupid research if in just couple months you will be able prompt "Cure cancer" into ChatGPT and get molecule, synthesis protocol and FDA label?
When do you stop?
Can the president do this by fiat?
We need a constitutional right to work amendment that bars all this shid. There should be one universal set of employment law for all (legals) in the interior.
Why not just auction them off? Instead of selecting for maximum income, select for maximum delta in price of American vs. foreign, which isn't necessarily the same thing.
What about early career superstars? Ranking by compensation excludes low comp new grads with a very steep slope
In theory that would work, but nepotism has taken over. It's akin to the hiring of girl bosses during peak woke but with just indians instead.
Sure but he won't do this because this is smart and he's very dumb. I don't know why you haven't realized this yet.
I think 100K to get an H1B license is good. That will knock out the low and mid-tier ones, and bring in revenue to the government.
The only problem with your approach is that it will deprive American startups of talent. A three person startup with an H1-B founder / first employee will never compete with Meta on salary.
It is genuinely so insane that we have a lottery for this of all things
The easiest, most intuitive possible policy change and you already know it’s gonna take a gargantuan effort for our fucking useless legislature to do anything
No, it's much simpler than that. He needs to end the fucking program. No compromise.
True.
I always said make the base/min salary for H1B $200k.
But people bawked.
well how bad are they really needed ?