I was talking about founders, who are in direct competition with one another for VC funding.
But if you want to talk about employees, what you're saying isn't really true.
Sourcing, recruiting, interviewing, hiring, and relocating immigrant workers is very expensive. For an immigrant to outcompete a citizen on cost they have to be significantly cheaper than the citizen - but if they're on an H1B you have to pay them the prevailing wage for their position! So there's a floor on just how much immigrant workers can undercut citizen workers. Immigration certainly puts downward pressure on wages across a whole industry, but looking at software in particular we see wages having risen consistently for decades now. You can look at what companies are paying their H1B software workers and see that it's typically a very generous wage by US standards.
But, weirdly, a majority of US CS graduates don't work in software. It doesn't make sense that they would be holding out for more money than immigrant workers to the point that they end up exiting the industry altogether and taking a less lucrative job. Not to me, at least.
I think what you're saying, if it's happening at all, is likely only happening at the bottom end of the market. Which kind of proves my point.
Are you? Things seem to be going from bad to worse in the US right now. From the outside it seems like decades of terrible policy in all areas is catching up to the country.
You are actually correct, I believe. But this is exactly the principle of capitalism isn't it? Market forces, invisible hand, the theories changed over the years but it boils down to the same thing: letting everybody compete. But you cannot have your cake (only locals employed) and eat it too (big wages) in this free competition - some will be underbidding the others.
I was talking about founders, who are in direct competition with one another for VC funding.
But if you want to talk about employees, what you're saying isn't really true.
Sourcing, recruiting, interviewing, hiring, and relocating immigrant workers is very expensive. For an immigrant to outcompete a citizen on cost they have to be significantly cheaper than the citizen - but if they're on an H1B you have to pay them the prevailing wage for their position! So there's a floor on just how much immigrant workers can undercut citizen workers. Immigration certainly puts downward pressure on wages across a whole industry, but looking at software in particular we see wages having risen consistently for decades now. You can look at what companies are paying their H1B software workers and see that it's typically a very generous wage by US standards.
But, weirdly, a majority of US CS graduates don't work in software. It doesn't make sense that they would be holding out for more money than immigrant workers to the point that they end up exiting the industry altogether and taking a less lucrative job. Not to me, at least.
I think what you're saying, if it's happening at all, is likely only happening at the bottom end of the market. Which kind of proves my point.
There’s millions of us and billions of them. I think we’re doing okay.
Are you? Things seem to be going from bad to worse in the US right now. From the outside it seems like decades of terrible policy in all areas is catching up to the country.
You are actually correct, I believe. But this is exactly the principle of capitalism isn't it? Market forces, invisible hand, the theories changed over the years but it boils down to the same thing: letting everybody compete. But you cannot have your cake (only locals employed) and eat it too (big wages) in this free competition - some will be underbidding the others.