patrick.net

gabbar says

Maga_Chaos_Monkey says

This is why corporate American needs H-1B; nobody puts a gun to corporate America's head and forces them to hire H-1B's; no one force State Department to give visas to H-1B's.

It’s the odd accounting of ESG. To qualify for BlackRock/Vanguard’s standards of investment, a company must take on a quota of diversity, competent or not. They’d rather take on H1B diversity than domestic diversity, as Indian engineers can be good. In aggregate, though, these policies pull companies like Intel and Boeing backward.

Outlaw ESG as a requirement for investment bank largesse. This would subtract the real financial incentive behind H1B. And remove Blackrock from such position of influence. They were created from the bailouts of 2009 and Geithner’s PPP idea. They took in Maiden Lane and the failed Fannie Mae (etc) mortgages, were made whole by Fed’s “QE”, and became the behemoth they are. They’re a govt creation, a Frankenstein, and should have nothing to do with forced policy.

So many visa programs to abolish, including TN:

Story from the internet:

All of this H-1B and India talk reminds me of an old friend of mine from college.
Born in Mumbai, his father was a senior member in the chemical engineering department at Exxon. We met in 2nd level chemistry class in college. Kid had good grades and got into some of the best CE schools in the country but went to my school due to its infamy of being a party school.

He always said he wanted to go to American schools to “date white women and be a chemical engineer” (he was only successful at one of these).

He didn’t have great grades, he would chegg his way through homework and limp his way through exams. Study sessions would quickly get derailed away from academics because he had no inclination to pay attention. Never took notes in class, never went to study hours, spent more time drinking than anything else.
A true example of the “Elite Human Capital” we hear about. Keep in mind his parents were paying upwards of 30k a semester as he was an international student.

After his first sophomore semester his dad got him an internship at Exxonmobil. Anyone who has been to college knows how rare or exceptional it is to land an internship at any billion dollar corporation after merely 3 semesters of university.

My friends and I keep in touch, I even went down to Huston a few times to go visit him. He was working on a project in their EMRD program. He would eventually tell me that his project for the EMRD department was a complete throw away to appease climate activism pressure and really wasn’t going anywhere. While there he was making nearly 70k a year as an intern. He lived with his parents, pocketing as much of the money as possible. Much of it was being sent back to the rest of their family back in Mumbai.

Eventually COVID hits and Exxon is tanking, gas prices are lower than could ever be imagined and the company is bleeding cash. Fellow interns and even full time employees he was working with were being laid off left and right, but not him. Protected by his co-ethnics and father, department after department started to be culled and began to be filled with people that looked like him. The middle management overseeing the cuts were obviously prioritizing Indians. He told me all of this as if it was a good thing.

Eventually he has to work completely remote so he moves back to the college town I was living at and moves in with my friends and I. He would tape an oscillating fan to his mouse and go out with us during the day. While we were studying he would be playing video games, smoking weed, and drinking.

When time on his internship ran out he was offered another intern position at Exxon (who knew). But instead of taking it, or going back to school, he applied to Phillips 66 for a chemical engineering internship. There using his fathers connection they of course made him an offer which paid more than what Exxon was paying him.

He then used that offer from Phillips to tell Exxon that if they didn’t match the pay, then he would quit and go work for Phillips. They capitulated and gave him the raise, as they COULDN’T say no considering the moment they did his father would step in and force them to hire him on the terms of his counter offer.

HE DID ALL OF THIS, not out of some machiavellian ambition to ascend the corporate ladder, but at the behest and guidance of his father. Any person that has lived near these people, watched them work, and has seen their behavior has heard a story like this.

These people aren’t “Elite Human Capital” like Elon, or Vivek, or Hanania would have you believe. They are pirates, raping and looting your homeland and sending away to theirs.

He was a good friend, and at times I admired the things he would do. But it is time for it to end. It is time for them to go home.

So, sounds like Trump aint gonna do anything about the H-1B problem.

gabbar says

So, sounds like Trump aint gonna do anything about the H-1B problem.

Not this time.

OkDOGEisAmountingToSomething says

gabbar says

So, sounds like Trump aint gonna do anything about the H-1B problem.

Not this time.

nor any other time. illegals or h1b is business subsidy. those businesses have politicians on the take, it’s too hard to fight it. easier let america collapse, much easier.

FortwayeAsFuckJoeBiden says

nor any other time

First term he put a moratorium on it

OkDOGEisAmountingToSomething says

FortwayeAsFuckJoeBiden says

nor any other time

First term he put a moratorium on it

this time he won’t. big tech sucks, they suck, they don’t care for America. it’s an issue of the heart. that can’t be fixed with moratorium. assholes are assholes for a reason. their employees, and i met few. they utterly hate conservatives. big tech is like a giant club that submits to their ruling group that tells them what to think and believe.

FortwayeAsFuckJoeBiden says

this time he won’t

Yes. That us what I said.

OkDOGEisAmountingToSomething says

FortwayeAsFuckJoeBiden says

this time he won’t

Yes. That us what I said.

i know, just making conversation

Yawn, some temporary shit here, some lip service there, but things remain basically the same.

This is related to work visas as Panama City Beach area (Bay County, Florida) has a lot of work visa employees in the hospitality and tourism industries.

A friend told me today there was a line out the door of job applicants for Auntie Ann's (pretzel shop) in Pier Park Panama City Beach.

Yet the local power brokers claim we need work visas since there is not enough of a local labor pool.

Just go to Employ Bay County page on Facebook to see how a lot of people cannot find work.

Hmmm....maybe I will go back into Tech again:

Big changes are underway for U.S. visas, quietly.

The age of cheap, temporary H-1B labor is ending.

The Trump administration isn’t just slowing new approvals.
It’s laying the groundwork to make visa sponsorship financially painful.

Under the H-1B Modernization Rule and USCIS’s new fee schedule, costs are rising.
And now, wage floor increases are back under review, targeting exactly how much employers must pay to keep a visa worker.

This isn’t about protecting workers.
It’s about shrinking demand without needing Congress.

These changes affect existing visa holders.
If your role is up for renewal, transfer, or amendment, your employer may soon face higher wage requirements or new documentation standards.

Promotions may be delayed.
Transfers could be reconsidered.
And companies are already rethinking whether H-1B staffing is worth the long-term cost.

They’re starting to prioritize workers they can keep permanently.
That means U.S. citizens.

If you're on a visa and in a cost-sensitive role, understand this clearly.
The pressure is already building.

Citations in comments.
Shout out to my checkers who caught a citation error. Thx.

https://x.com/niftyswell/status/1912256349653590029

It's nice, but not nearly enough. H-1B should be reserved for jobs paying half a million a year or more.

How does the Indian IT industry survive without giving Pakistanis and Bangladeshis H1Bs?

Clearly Modi must pass a law allowing at least 100k H1Bs into India to work in call centers, before India loses their competitiveness.

hahaha

MolotovCocktail says

The age of cheap, temporary H-1B labor is ending.

Occurs to me that this could have a very positive effect on real estate in the Bay Area, meaning lower prices and lower rents.

Fewer H-1Bs means less competition for housing.

MolotovCocktail says

Doubtful. I do not think selling Teslas in India is an issue. This sounds like a completely contrived hit piece.

I agree, sounds like EDS.

HeadSet says

Doubtful. I do not think selling Teslas in India is an issue. This sounds like a completely contrived hit piece.

India just negotiated the same thing with the UK and Indian government officials are boasting about doing the same with the US.

Indian H1B workers not subject to FICA is a godsend for corporate America and the final deathknell for remaining US tech workers.

We shall see, tho.

The ones that actually go home, maybe. But if they transition into Greencard status, they should be forced to pony up the FICA that wasn't paid while they were H1B. Because clearly they never went home.

And their employers should be forced to pony up retroactive the employer's half, too.

But we all know THAT won't even happen.

Grok on this:

H1B Workers and FICA Taxes (Relation to US-India Context)
The UK-India FTA’s Double Contribution Convention is relevant to your query about H1B workers and FICA taxes, as it mirrors India’s push for social security totalization agreements. However, the UK deal does not directly involve H1B workers or FICA taxes, which are US-specific. Here’s how it connects:

UK NICs vs. US FICA: The UK’s NIC exemption for Indian workers is analogous to a potential US-India totalization agreement that would exempt Indian H1B workers from FICA taxes (7.65% for Social Security and Medicare). India has sought such an agreement with the US to reduce costs for its IT firms, but no deal exists.

US-India Trade Deal Status: No finalized US-India trade deal addresses H1B workers or FICA exemptions. Discussions have been speculative, with posts on X suggesting India seeks FICA exemptions to save $4 billion for its firms, but these lack official confirmation.

UK Precedent: The UK-India deal’s social security provision could serve as a model for US negotiations, allowing Indian H1B workers to pay into India’s social security system instead of FICA, avoiding double contributions. However, US political resistance (e.g., concerns about cheaper foreign labor) makes this unlikely without broader trade concessions.

MolotovCocktail says

UK Precedent: The UK-India deal’s social security provision could serve as a model for US negotiations, allowing Indian H1B workers to pay into India’s social security system instead of FICA, avoiding double contributions. However, US political resistance (e.g., concerns about cheaper foreign labor) makes this unlikely without broader trade concessions.

Holy shit!