Re:How much do you think it costs to make a pair of Nike sho...
by harvey9 on Wednesday April 09, 2025 @02:45PM
(#43635890)
India does well on software development partly on a volume basis. Their top end developers often want to move abroad for career development and earning potential. I would not be surprised if potus put tariffs on H1Bs
Re:How much do you think it costs to make a pair of Nike sho...
by FredPret on Wednesday April 09, 2025 @03:50PM
(#43636952)
Wouldn't this just be income tax?
Re:How much do you think it costs to make a pair of Nike sho...
by harvey9 on Wednesday April 09, 2025 @05:23PM
(#43638160)
There could be a charge to the visa sponsor based on the salary of the worker
Re:How much do you think it costs to make a pair of Nike sho...
by alfalfasprout on Wednesday April 09, 2025 @06:10PM
(#43638586)
Trump is on the record extensively as being very pro H1B (probably spurned on by Musk, Zuck, and Pichai). Because many of these workers can be overworked without complaint for lower compensation than American workers.
It's never been about protecting Americans...
Re:How much do you think it costs to make a pair of Nike sho...
by Workaccount2 on Thursday April 10, 2025 @11:31AM
(#43644918)
It's about protecting blue collar workers. H1Bs damage the "coastal elite". Illegal immigrants are the threat to blue collar workers, and look at his stance on them.
It's impossible to not see that Trump is trying to bring back the 1950's rust belt all American factory family.
Comparative advantage means countries benefit from specializing in producing goods or services where they have the lowest relative opportunity cost - not necessarily where they're the best overall. Even if China focuses on technology (and this is far from decided), America can still thrive by specializing in other areas where its relative efficiency or unique capabilities are better.
Examples: Germany specializes in high-precision manufacturing, India does well with software development, IT services, and medicines, Australia exports minerals, natural resources, and agricultural products, etc. Everybody brings something to the table. The world economy cannot possibly get worse by adding 1B people doing top-level work.
> Ricardo's theory implies that comparative advantage rather than absolute advantage is responsible for much of international trade.
https://en.wikipedia.org/wiki/Comparative_advantage
BTW these would have been great ECON 101 discussions to have before the election.