[llampx]

Wow this is a big deal. Basically it guarantees that the H1Bs will go to FAANG and if you are smaller shop you can go pound sand... or go fully remote.

I wonder if this would be overturned with a Biden win. Probably not soon.

The US immigration system for people seeking permanent residence is quite broken. If you follow the classic path, you have to spend $50k for a college education, then do indentured servitude for 6+ years, and then you get a shot at an H1B _IF_ you are the best and brightest and could land a job that pays what Google and Netflix are paying. Although I am guessing priority will be given to managers and senior engineers by the USCIS now.

[ra7]

Foreign student admissions are going to plummet if wage levels are too high to qualify for H1B. There are plenty of companies other than FAANG that hire foreign students after graduation. Why would anyone want to spend north of $50k if there’s no reasonable guarantee of a job to make that money back?

AFAIK, international student tuition heavily subsidizes financial aid for domestic students. So you could have American students also losing out.

[gedy]

Or prices will drop