Comment by Taek
12 hours ago
Or... those other parts of the economy increase salaries for skilled labor?
If we can only bring 85,000 people into the country on one type of visa, doesn't it make sense to prioritize those that will bring the most value (tax revenue, in this case)?
And if that's not enough people... raise the limit? And be confident that a raised limit is still keeping a high quality bar on entrants?
Option 1: you give a visa to a quant with 2M/y today’s salary
Option 2: you give a visa to a PhD to work for 150k/year in a small biopharma startup that thinks it has the solution to cancer.
This salary stacked ranking optimizes for today’s worth of work. Not its potential.