Comment by portmanteur
4 hours ago
All of the accolades you bestowed upon visa-sponsored workers could be true. But the framing of indentured servitude comes from the visa sponsorship itself. These workers do not feel they have the right to free expression or to speak out against unethical business practices (not just data privacy but even 9/9/6 work schedules), for fear of losing their sponsorship. That’s why “indentured” is used: they’re contracted to a specific employer. They don’t have freedom of movement in the labor market. This also creates labor price arbitrage, which employers use to pay visa workers less than permanent residents and citizens. This labor arbitrage inevitably lowers the wages of non-sponsored workers.
This is more or less an uninformed vibes-based response.
1. Few workers report a 996 work schedule at Meta or other Mag7 companies. This work schedule is reported by smaller AI startups and Chinese and Indian tech firms.
2. H1B and many other sponsored visas are transferrable. I have had several colleagues get laid off or interview for other jobs and get hired elsewhere. The L visa is non-transferable, though it represents a minority of visa sponsorships in the US.
3. You directly ignored my data about workers at Meta out-earning other workers in the Bay Area. My foreign colleagues earned the same as I did at virtually every stage of my career.
In general macroeconomics, yes, the introduction of foreign workers results in wages getting pulled down. This "lump of labor" only has temporary impacts. The overall outcome is an increase in the market for engineers, as immigrants go on to found companies. NVIDIA, the world's most valuable company, is one of these.