This is classic artificially divide the market and race to the bottom.
> You would price out people like me and make it virtually impossible for me to become a citizen eventually.
> Historically, america has attracted the best minds. Historically.
You are making the classic mistake of holding the macroeconomics constant. If we had sane immigration policies as proposed in this thread, the going rate might have been different.
Maybe you have been payed more, matching the coasts. Maybe we all would have been paid less, matching you. Maybe the incumbents wouldn't have had a competitive advantage such that you all had to be underpaid to be even ramen profitable.
The big point is given a skill set (projection of the labor market), residency status shouldn't be economically observable. Policy should be constrained to affecting the residency status distribution accross slices.
Off topic, but I hadn't heard this expression before so I looked it up and stumbled upon an interesting Paul Graham blog post derived from it: http://www.paulgraham.com/ramenprofitable.html
Thanks for introducing me to a new phrase!
If you are valuable enough to work in US, you are valuable enough to do it as a full market participant without shackles or handicaps.
Asking the government to let in someone whose company might eventually make it big enough to pay "the going rate" is asking the government to take a risk -- it's like asking them to invest in the company on the promise that the payoff will be as good or better than the next person in line.
It's the only way a rich nation can function really, the alternative being open borders and a rapidly decreasing standard of living. They all do this in some convoluted way, despite any rethoric to the contrary.
Future potential tax payers. Like myself btw. I am giving so much money to Uncle Sam these days that it makes me sad. I could invest in multiple YC companies with that money.
A financial threshold is a nice way to limit that influx to manageable numbers, while guaranteeing they can mostly take care of themselves and become productive taxpayers and without exposing them to employer exploitation. The actual amount is debatable of course, it could be 2x the national average salary, 1x, 3x... or it could be dynamically allocated to fulfill an intake quota.
Cheers to the immigrants who battle the crappy system here with national origin quotas and prioritizing chain migration over the American educated and trained foreigners like us.
I do have my green card but I’ve been contemplating not getting the citizenship because of the anti immigrant sentiment from all sides. Alas, the American passport allows travel more easily so I might just cave - but never vote.
You would price out people like me and make it virtually impossible for me to become a citizen eventually. But maybe that is by design and I don’t mind that opinion. All countries have nativist subsets of society so it is just a normal, natural stance.
Historically, america has attracted the best minds. Historically. But maybe now the populace believes the natives need to be protected from outside competition so that they can improve. Fair enough.