FAANG employees here are cheap to hire. They work very hard to remain rich or become rich from nothing (50-60LPA will basically make you rich in 5-6 years if you save and invest well). Leetcode grind and competitive problem solving is Indian childhood bread and butter these days. And given how much househelp exists in India this kind of model is perfectly suited to be outsourced to young and middle aged Indians who have virtually no life beyond CTC anymore.
I’m just surprised it took them this long to outsource.
The risk of course is people start their own companies learning from big tech and Indians get more UPI like tech.
If the Democrats were smart (they are not) they could landslide next election (and 5 more) by running a simple campaign, “Americans First,” the core of which would be to slap 1000% tax of any job which is outsources. Your company wants to hire someone from X, for every dollar paid in salary you have to pay $100 to the IRS.
The funny thing is that this same 60LPA person will happily take a 300k job (assuming parity) with a 50% tax cut because the standard of living is still quite high in maybe Atlanta or Pennsylvania compared to Hyderabad or Bangalore.
In the above scenario the federal government is collecting zero taxes for the employees and the shareholders are getting richer.
By cutting H1Bs the Americans are actually losing money by outsourcing jobs and creating a larger divide between the rich and the poor. Something that the rich actually don’t have a problem with and something people just seem to miss.
this is because “people” have stopped thinking for themselves are overwhelmed by “social” and all the rest of the “media” pushing whatever narrative the ruling party wants them to hear. they see “oh look, we have a problem with H1B which will be solved by $100k payment” - boom - “America First /s”
I work on a project where 40+% of staff is off-shore, surely it is much worse in many other places
not sure I have seen this type of comment when we - for entertainment of the masses more so than anything else - slapped a $100k fee for H1B to be delivered in manila envelope to Mar-a-Largo.
The "good luck getting that passed" is where the problem lies, there is no "America First" that anyone actually wants, the entire "America First" is missing "Americans Last" in that slogan.
I am not a graduate but Apple has reached out to me twice in the past month. Many others too so I wouldn’t say it’s absolutely dead but it’s tightened a bit.