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Cake day: June 14th, 2023
  • obviouspornalt@lemmynsfw.comtoWorld News@lemmy.world•$100K fee added to H1B applicationsEnglish
    2·
    29 days ago

    Well, they’re also raising the minimum amount that the h1b workers can be paid (yes, that’s a thing, it’s called “prevailing wage”), so the goal of this is to make hiring h1b more expensive overall.

    In practice, what I think will happen is a combination of more offshoring of junior by big tech, an increase in the number of h1b positions that big tech will take out of the lottery pool for senior positions. If big tech is already paying a senior, well qualified, h1b position with total comp of $300k or more, a 30% increase in total costs probably won’t make an impact.

    For other fields working on smaller profit margins, they’ll likely stop bidding in the h1b lottery.

    If the administration were serious about their goals of increasing stem capacity in the country they’d be partnering with higher education to drive more talent into those fields. But the admin is openly hostile to education, so that’s clearly not the goal.

    Currently, there’s an oversupply of comp sci recent graduates trying to find jobs.

    My guess is that this change by itself won’t do much to increase domestic demand for early in career comp sci graduates, but will increase it intentionally. The us government is doing other things that will marginally increase domestic demand, like only allowing people physically located in the us to work on the datacenters that AWS, Azure, etc run for the FedGov exclusive use. But that’s not going to create enough positions to really make a impact on the overall industry.