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by sagarm
2171 days ago
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Those big tech companies already have international offices. Why wouldn't they have just expanded those offices? Investing in education etc is not really the job of companies in our capitalist system. They could not capture enough of the value to justify the cost, especially given the very long lead times.p |
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Because they still want to hire lots of Americans. They just don't want to pay them market prices. So they bring in H1-Bs to lower wages. If they hired them overseas, there wouldn't be that effect:
From the article above:
"Research by Daniel Costa, of the left-leaning Economic Policy Institute, and Howard University political science professor Ron Hira, found that 60% of H-1B workers receive lower-than-average wages for their job and region. Google, Facebook and Apple “take advantage of program rules in order to legally pay many of their H-1B workers below the local median wage for the jobs they fill,” Costa and Hira said in an Economic Policy Institute paper."
I'd personally like to see the US adopt a systematic and generous immigration system like Canada's. But the H1-B system has mostly been a farce, used as a weapon against American workers. There are exceptions, but overall, it's most benefited the big tech company stockholders.