Comment by ben_w
1 day ago
> even just 20% of those leaving would mean every single big tech company would be in immense trouble
I'm not so sure.
I think it would play out like this:
1. 20% H1Bs leave; 2. Those migrants are now in countries of origin, looking for work; 3. Many of the big US tech companies will already have offices in those countries, and those that don't can make new offices if they wanted to; 4. many, but likely not all, of those employees are now working for the same employer (or close enough), just in a different jurisdiction; 5. as none of these employees are physically in US hotspots, all the other stuff that happened in those hotspots because of big tech pay, suffers, conversely all the stuff which was suppressed because of those wages may (possibly) return; 6. two of the things that go down are the number of people transitioning from temporary visa to citizenship, and the available talent pool for the local-to-those-places startup and VC scenes.
Why would they stick with the Big Tech companies?
If you just got massively screwed over by them (having upended your entire life in hope of getting a better future, then having that rugpulled), why would you get another job at that company with significantly worse contract terms?
Considering the rest of the world is reacting to the US setting itself on fire by finally stimulating local tech, why not just join one of the local alternatives instead?