Re:Updates to H-1B
by jandrese on Wednesday December 18, 2024 @02:12PM
(#42453745)
If a supply shock doesn't drive down the price then it suggests that the supply constraint was larger than than the shock and that the market was being artificially constrained to prevent the prices from rising to meet demand.
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So in other words, yes, for whatever reason tech is this special case that doesn't apply anywhere else and supply shocks don't matter.
An odd claim, wish there was more evidence for it being true. As in, what is the "artificial constraint" for front end web developers?
Re:Updates to H-1B
by InsideOutSanta on Wednesday December 18, 2024 @02:49PM
(#42454264)
It's also possible that the supply itself is what creates more demand. People who move to the US are probably less risk-averse than the average person, and more likely to start new companies, creating more jobs.