News for hackers. Stuff that matters.

A comment on Trump Is Right: Silicon Valley Using H-1B Visas to Pay Low Wages to Immigrants. Parent comment

Re:Trump Is Right: Silicon Valley Using H-1B Visas to Pay Lo... by davidf18 on Monday February 06, 2017 @02:05PM (#13582776)
There is a big difference between selling out Americans to be replaced by foreigners whether H1-B as in Disney, Silicon Valley, and Wall Street or illegal immigrants replacing working class American jobs and depressing working class jobs and what Trump is doing now with Wall Street.

If Trump were truly bought off by Goldman, he certainly would not be behind legislation that fixes the broken H1-B Visa system. Goldman, Wall Street, Silicon Valley and other firms will have to start paying market wages instead of depressed wages because of the H1-B Visa reform.

[ Parent | on HN ]
Re:Trump Is Right: Silicon Valley Using H-1B Visas to Pay Lo... by mywittyname on Monday February 06, 2017 @03:28PM (#13583529)
It's possible that he's trying to stick it to Silicon Valley as payback.

Technology salaries are probably a drop in the bucket cost-wise compared to the profits that will be made from deregulation of the industry. So while Goldman might have to pay a few million more in salaries, it's offset by the billions more in profits that they will rake in (over the short-term, until they destroy the economy again, that is).

Tech companies aren't going to see a similar measure to increase their profits to offset the labor costs increases.

[ Parent | on HN ]
Re:Trump Is Right: Silicon Valley Using H-1B Visas to Pay Lo... by vondur on Monday February 06, 2017 @05:40PM (#13584979)
I don't think so (sticking it to SV). He was threatening to reform the H-1B visa program during his campaign.
[ Parent | on HN ]
Re:Trump Is Right: Silicon Valley Using H-1B Visas to Pay Lo... by mywittyname on Monday February 06, 2017 @08:14PM (#13586063)
Sure, but he was also blasting SV "elites" the entire time too. I mean, look at all the people that wrote this:

https://shift.newco.co/an-open-letter-from-technology-sector...

[ Parent | on HN ]
Re:Trump Is Right: Silicon Valley Using H-1B Visas to Pay Lo... by davidf18 on Monday February 06, 2017 @08:49PM (#13586252)
The SV elites were very much against him because he wanted to protect US STEM worker by fixing the broken H1-B program that stopped SV firms from hiring H1-B for depressed wages.
[ Parent | on HN ]