[vasilipupkin]

and so who owns the shares of "corporate america"? Newflash: Teachers' and firefighters' and cops' pensions are all invested in "corporate america". As well as pensions of union workers. As well as 401ks of all the other middle class people. Come on.

"the exploitation of American worker" ? American workers have one of the richest standards of living in the world.

[cjbgkagh]

That’s what they said to secure the too big to fail bailouts which only solidified the moral hazard and made things worse.

[AngryData]

To me that just reads like following the gamblers fallacy. Just because you already threw a bunch of money into the pot doesn't mean you have zero choice but to keep playing until you likely lose it all.

[vasilipupkin]

it's not a gambler's fallacy. "You threw money into the pot" and "you own a % of the pot" are two distinctly different things.

[marcusverus]

How many American teachers or firefighters would trade their own kid's job away to a foreigner in exchange for some hypothetical marginal increase in 401K returns? Not many. The only Americans who like that deal are managers who care more about their headcount than they do about their countrymen.

[vasilipupkin]

you keep thinking about it in Soviet zero sum terms. First of all, the foreign engineer doesn't disappear if you don't give him a visa, he or she just works somewhere else and still takes your kid's job away. Secondly, it's not a zero sum game ! that's the most important thing to realize. Number of jobs is not fixed ! it's not a fixed pie! you are on hacker news. A startup forum. And you are talking about number of jobs as a fixed pie.

[marcusverus]

1) India does not meaningfully compete with the US and never has. We are not going to actively harm our own people now to stave off some imaginary future threat.

2) Tell that to the 100K+ unemployed Americans in the IT space.

[gnulinux996]

Oh now they care about teachers, firefighters, cops and puppies? Is that what this H1B is about?

> American workers have one of the richest standards of living in the world.

What are you even talking about? Being able to hold more tokens that can buyback the products of the asset class does not make for a "rich standard of living".

Having to run gofundme's for medical care is not "rich standard of living". Them trembling on every unscheduled meeting with their boss is not "rich standard of living"

The American workers' existence is sad.

[vasilipupkin]

if you are going to argue that Americans don't have a rich standard of living, that is just an absurd argument. It's obvious to anyone who has lived or worked somewhere else.