alt Hacker NewsTrump administration is suspending Microsoft from a green card program
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not much in there beyond the headline but quotes from the admin
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What do ya'll think about the conjecture that the elites in the USA want to destroy the actual economy while keeping their world of financial bullshit going?
The current K shaped economy being just the beginning. The elites realised that making more money wont change much for them, but they can make everyone else poor and then live as feudal lords.
If the talent can't come to Microsoft, Microsoft will offshore near the talent.
In the best case we could hope this will lead to increased wages to American citizens, but realistically I think the most likely impact is it pisses a lot of people off, causes a lot of headaches for a lot of people, and has no real impact for most.
Edit: Would love to hear a coherent argument as to why my comment is off topic and deserving of downvotes but I'm sure that won't happen.
A good step in the right direction. What I voted for.
Many comments here claiming immigrant tech workers undercut native workers, yet somehow in the software industry, where H1B has been the most widely used, unemployment rate has historically consistently been much lower than the overall unemployment rate, and the wages have been higher (and growing faster) than average wages.
Like 25% - 40% lower unemployment and 60% - 100% higher wages. Even during the dot-com bust software was much better off! It's right there in the BLS data (though a bit hairy to slice and dice due to how they categorize jobs.)
The "immigrants displace native worker" narrative is too simplistic. Consider maybe that without those workers the work simply does not get done.
I mean, we've all lived through this. How many people here, for most of their careers, did NOT have mountains of backlog they would like to clear out if only they had more headcount? How many have NOT spent days on quarterly planning because of the need to be extremely judicious about what you put on your roadmap? And how many have not bemoaned, oftern right here on HN, how hard it is to find people who can actually code?
It's not just you, this dynamic plays out all over the place, and puts real constraints on the expansion potential of companies, which reduces future hiring all around. There are studies on this. Yes, there is naturally some downward wage pressure on local employees due to a larger pool, but on the whole the expansion and faster growth of companies, and hence the overall economy, more than compensates for this.
Feel free to ask your favorite AI for more... You know, the thing actually taking our jerbs! ;-)
so these are just indian companies and microsoft which is lead by an indian guy? is the government signaling something here? i know amazon, meta, google are all doing the same thing- but amazon and meta are licking the ass.
giving the same excuse of "oh these companies post jobs where they are not seen" is the lamest excuse you can give. are you saying this government is so poor and incompetent that it cannot verify where the job was posted? how many people saw the jobs, how many clicked and applied?? are you really saying that the most power country, with SI is not able to do this basic check??
People on H1B and students have to pay US Taxes and into social security even if they may never see that money. And they also spend money here.
So to all the morons, they took our jerbs, they are full people acting in the economic system
In a normal world, I would praise the government for taking a action to address issues with a program that has definitely been abused by major tech companies for a long time.
However, it's really hard to separate the message from the messenger here.
Beyond the fact that this is obviously a political stunt designed to make headlines just a few weeks before the mid-term elections, there is little reason to believe that this is being done in good faith targeting the worst offenders. The people who have been chosen to run the federal government are simply corrupt sociopaths who will do anything to promote their extreme ideological agenda and are not to be trusted in any way.
Until proven otherwise, I have to assume this effort has to do with kickbacks or political retribution mixed with blatant racism, rather than for any sort of public benefit. I doubt this will result in anything besides a larger donation to the Republican party - or direct payments to Trump family members - by the affected companies.