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.
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...
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.
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.