A friend of mine last year got a job as a L5 at Google, for around $380k a year in total ($190k base + $28.5k bonus + approx $160k stock). Plus a sign-on of $50k. First year pay is $430k. He's not doing rocket science, or managing. He's an individual contributor writing back end code.
Meanwhile, there are folks doing a similar jobs in Canada, who are making 100k CAD (on the high end), which is $73k USD. And the cost of living in big cities in Canada is shockingly high.
Now, you were saying something about bay area salaries being low? The salaries are, if anything, over the top insanely high.
Also, I'm trying to understand why companies go through all the processing delays, legal costs, frequent unjust denials since 2017, to hire someone who is not a citizen, while paying them well above the median for the job, if there is a supposed oversupply of talented top-tier skilled people who are looking for a job. The truth i that oversupply myth is just a lie, spun by people with anti-immigrant animus, plain and simple.
I can't fathom the head space you would have to be in to think that salaries are low. Incredible arrogance and entitlement, combined with a generous dose of xenophobia probably. Instead of being thankful, there are people who want to cut off / deport / exclude people from working in the US (and I mean people making these high salaries).
Also, I know a lot of H-1B holders with high salaries. I myself am one of them. (In fact I don't know any low-paid H-1B holders, but my social circles are all folks working at top companies or friends from other social groups.) The intense amount of hatred for immigrants on HN always continues to appall and amaze me.
I usually tend to refrain from commenting on these threads, because the toxic amount of contempt and hatred for immigrants that I come across in these threads is extremely upsetting, but sometimes it's better to speak up, than be silent.
second, it's not about hatred for immigrants. It's just about jobs and housing. And, there's simply not enough of those to go around.
I mean, sure we could have more immigrants. But, make no mistake, it will reduce the amount high end jobs available and reduce the housing supply even more.
And, actually, most blue states are very welcoming to new immigrants which is especially ironic since they're the ones that don't want to support the housing growth needed to house an increase in population.
Here are comments from just one user on HN (who was sadly banned), but who is/was on the H-1B, who owns a $1.15 home, has an American kid, has lived in the US for 17 years, and makes $650K a year:
1) https://news.ycombinator.com/item?id=20473537
2) https://news.ycombinator.com/item?id=19993373
3) https://news.ycombinator.com/item?id=19944062
4) https://news.ycombinator.com/item?id=19525820
5) https://news.ycombinator.com/item?id=19222618
The laws of U.S. that were written by Congress, make it practically impossible for India-born to ever become citizens or even permanent residents through the EB2 or EB routes. This is large topic, I've covered in some of my previous comments like: https://news.ycombinator.com/item?id=19857687 (short comment) or https://news.ycombinator.com/item?id=19857878 (long comment).
Your entire post seems fairly out of touch. You're talking about Google L5, basically the top 1% of H1-B jobs in the US.
> Also, I'm trying to understand why companies go through all the processing delays, legal costs, frequent unjust denials since 2017, to hire someone who is not a citizen, while paying them well above the median for the job, if there is a supposed oversupply of talented top-tier skilled people who are looking for a job. The truth i that oversupply myth is just a lie, spun by people with anti-immigrant animus, plain and simple.
Just because you can't understand it, doesn't mean it's not happening. I have personally witnessed the oddly-specific job requirement postings, and have had friends who worked at some of these consulting companies as H1-B. Things are very different outside of the top tech companies. There is absolutely abuse happening. This is not some "anti-immigrant animus". This is happening. It's frankly ridiculous that you blame this on xenophobia on HN of all places.
I can't fathom the head space you would have to be to believe there isn't widespread H1-B abuse after reading countless articles and comments about it. Incredible arrogance and entitlement, combined with a generous dose of disdain for citizens wanting to protect their country from abuse probably.
Criticism of a widely abused immigration system and the companies that abuse it is not anti-immigrant sentiment.
In order for the HB1 program to pass muster, and validate its value for US citizens, people taking advantage of HB1 must put into the US least as much as they are taking out.
I dont see US citizens emmigrating / benefitting from similar benefits at foreign countries, like those given by HB1s within the US. In fact, as far as i know, there are no USA emigres going to india to work, drawing india SS retirement benefits, for example.
In other words, the HB1 program is asymetrical. Americans put in a lot more than they get out of it.
As such, the only logical thing for the HB1 to be discontinued.
> the US simply won't allow for enough housing to be built
You don't see the connection here? Why do you think there will be enough housing even with less immigration? The "housing must increase value at all costs" mantra is responsible for this.
[0] https://247wallst.com/housing/2019/09/30/there-are-over-17-m...
[1] https://endhomelessness.org/homelessness-in-america/homeless...
this part is completely wrong: "If they have more workforce they can do more".
The demand for labor is not determined by the supply of labor, it's determined by the demand for those products. When companies higher engineers for example, they don't just go, "hey, we just had two brilliant engineers interview, so instead of highering 1, we'll higher 2." It never works that way. Companies need the amount of labor they need, and not one person more.
The reality is there's a vast oversupply of labor right now in most fields. Wages have been stagnant for a long time. And even in the bay area, average engineering salaries lag behind the local COL.
Furthermore, the US simply won't allow for enough housing to be built. Even with the population we currently have, there's no where near enough housing. this problem is only getting worse. Sure, it's just politics, it's a choice voters have made, but we're stuck with that choice. And, having more immigrants/increasing population makes it worse.