Thank you for the effort you’re putting into this tremendously insightful project. On a side note, what can we expect for the future of the spheres series? It has been an invaluable review and supplement for me and I’d love to see its completion!
It's skilled vs. unskilled, but it works the same way basically. If we focus on importation--Google will lobby for more H1-B visas, Blackrock will reward them, their ESG score will grow, they attract more invest, hire more foreign workers, etc. They're coming legally, but we're still talking wage suppression, because the visas are tied to the employers this gives the corporations more leverage, they might be hired on as independent contractors and so not get the benefits packages. So, similar to the low-skilled workers--these H1-B visa holders are being exploited for corporate profits, and the process also hurts American workers. So, the domestic and foreign workers both are hurt, but the corporation benefits. As is the case with *all* labor arbitrage. I think a lot of people hear people complaining about the effect on American workers and think it's racist or something, that we're upset someone else benefits while we lose out, or whatever, but actually the foreign workers are suffering too, and those nations who are losing the skilled labor are suffering. Everyone suffers but Google and Blackrock.
@ yes and no. I’m currently on H1B. I got my education in the US (masters & PhD), from what I can tell, my employer provides me the same compensation & benefits that my American counterparts get. There’s definitely instability in my status since my work visa is tied to my employer, I can’t afford to lose my job. I think independent contractors suffer more in H1B category.
Wow! Eyeopening
Looked forward to this all day
Thank you for the effort you’re putting into this tremendously insightful project.
On a side note, what can we expect for the future of the spheres series? It has been an invaluable review and supplement for me and I’d love to see its completion!
Thank you for the feedback! Spheres is still going! I'll have the next episode out as quickly as tomorrow possibly. Sometime this week for sure.
Can you expand on what you mean by H1B being the tech equivalent of cheap labor?
It's skilled vs. unskilled, but it works the same way basically. If we focus on importation--Google will lobby for more H1-B visas, Blackrock will reward them, their ESG score will grow, they attract more invest, hire more foreign workers, etc. They're coming legally, but we're still talking wage suppression, because the visas are tied to the employers this gives the corporations more leverage, they might be hired on as independent contractors and so not get the benefits packages. So, similar to the low-skilled workers--these H1-B visa holders are being exploited for corporate profits, and the process also hurts American workers. So, the domestic and foreign workers both are hurt, but the corporation benefits. As is the case with *all* labor arbitrage. I think a lot of people hear people complaining about the effect on American workers and think it's racist or something, that we're upset someone else benefits while we lose out, or whatever, but actually the foreign workers are suffering too, and those nations who are losing the skilled labor are suffering. Everyone suffers but Google and Blackrock.
@ yes and no. I’m currently on H1B. I got my education in the US (masters & PhD), from what I can tell, my employer provides me the same compensation & benefits that my American counterparts get. There’s definitely instability in my status since my work visa is tied to my employer, I can’t afford to lose my job. I think independent contractors suffer more in H1B category.