They need to import labor because the domestic labor pool isn’t good enough. A quieter part is that people immigrating also expect less for their outputs.
Are you and Elon saying that India’s education system and universities are just plain better than MIT, Stanford, etc?
If not, then are Indians just genetically smarter than Americans, so that their pool is better?
It just seems like immigrants are willing to work more for less, so that in the future when they’re citizens, they can work less for more.
I don’t personally subscribe to that belief.
[1] Well, except when the country fails to invest enough in education and training. It's wrong for the UK, for example, to consistently not fund enough medical students, and make up for it by importing staff educated by third world countries.
Reverse outsourcing. Don't send the job overseas, send the overseas person here!
Really companies should be banned from importing more people[1] if they laid off a certain number in the last year. That way the job market would be more likely to self correct.
[1] I think they should still be allowed to hire people who are already in the country on a visa, as it's unfair to make their risk of being kicked out of the country worse. And they should be allowed to renew existing visa workers