There’s already a “best and brightest” visa and it’s not H1B. It’s O1.
That said H1B is essentially the only reasonable way for people to immigrate to the United States through employment. Most employers are not going to stick out the convoluted process to obtain an EB2/3 immigrant visa for a worker they haven’t any experience with especially since they can enter the country and immediately work for someone else.
L1 is also harder to qualify for than H1B in terms of job requirements.
This is the proper solution. Ideally, the H1-B program would remove quotas and lotteries and switch to a pure auction program for the fees. E.g, a Dutch auction for the X thousand available slots where the fee can be deducted from federal income taxes. If companies really want the best talent in the world, they should be willing to pay for it.
Hospitals and labs can’t afford to match tech spending to obtain H1Bs.
If there’s going to be an auction then there needs to be an industry or job code cap too.
You can let capitalism do its thing, and you can put your finger on the scale for things that society needs but that are not as profitable.
Most countries identify industry shortages and tailor their immigration needs to bring in people to fulfill those roles.
The significant shift comes a lot from how this country has massive systems in place to perform wage arbitrage through IT consultancies. Compared to Chinese industrial outsourcing (which requires capex), wage arbitrage is pure profit in that there's almost no overhead. So these IT companies got phenomenally rich. These companies have a US branch, usually having a manager based in the US while the others are based in India. So it's no longer getting the best and brightest through H1B, but just a way to make money off the vast difference in economic conditions between a third and first world country. And there's a direct incentive to depress the economic conditions of workers, because that's money right there. Then this goes into overdrive when many US companies realize it's even cheaper to do it themselves and set up shop in this country.
What happened to the US industrial base/blue collar workers is happening right now to white collar workers, except it'll go much faster because there's no physical equipment to move.
We all know how to solve this problem e.g. ranked by compensations maybe with some restrictions and diversifying occupations a bit. We know which companies abuse it. The number of H1B with their salaries is public.
Yet this article from Bernie grand-stands random stuff.
downrightmike•4h ago
InkCanon•4h ago
https://www.thehindu.com/sci-tech/technology/microsoft-confi....
spwa4•2h ago
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linotype•2h ago