i wonder how many people in murica had to train their ‘genis visa’ replacement before getting laid off
and just to add.. .to the rest of what he said? yeah… if u bring those people to murica, have muricans train them, fire muricans, then those h1bs go back home… what do u think happens? muricans will not have the experience anymore
Why were they trying to shut him up? 🤷
I do honestly want some more opinion on this. One of the downsides of the H1B is that you have employees who are being exploited because these corporations are sponsoring their VISA and so they have immense leverage against the employee. Can’t leave for a different job, etc. bad for foreign employee and bad for American because they can’t compete with that.
But also I believe a lot of these jobs are normal tech jobs and not insanely technical ones that Americans can’t fill.
But I may be wrong. Please correct me.
ETA: also, I think it’s the EV-1 visa that’s the “genius visa” and not H1B
This is true. Asians (Chinese, Indians) overwhelmingly enroll in STEM PhD programs at top schools. In general, Asian origin people enroll in STEM programs at a far higher rate than other groups.
I know someone who’s in a key defense R&D role within the government. Their team has mostly Chinese American and Indian Americans.
I love Michio Kaku, he’s a really smart guy with a love for teaching. When was this from? Doesn’t seem recent.
Trump loves China more than the US.
So now trump is trying to squeeze more money out of companies that buy H1-B visas. Will that slow down hiring or will they pay it and bring them in anyway?
Some truth not all. But the main thing is H1B is symptom of an illness. That illness is America is not reinvesting in its future.
The problem is H-1B has been abused by American companies to shut out Americans. Even Americans of Indian heritage are pissed because they have been reolaced by Indians from India. Trump is fixing that to an extent.
Universities love to talk about a ‘shortage of talent’ but that’s not really true. There’s no shortage of great candidates from American soil, the problem is they actually cost the schools money because most domestic PhDs are fully funded by the universities themselves. International students, on the other hand, pay way higher tuition out of pocket for master’s programs and are billed higher for PhDs too, which makes them a financial lifeline. Then a big chunk of them go straight into the H1B pipeline, so universities and industries both get cheap talent while selling the idea that Americans somehow aren’t enough. In reality, a lot of these programs only stay sustainable because of foreign tuition dollars, not because Americans can’t fill the spots.
Many universities love to claim they’re ‘not for profit,’ but just look at the salaries of their chancellors and presidents and it tells a different story.
That’s why you see so many foreign students at universities because they are paying out of pocket.
Many staff and faculty members are dependent in foreign money to keep their programs and jobs afloat.
Are Americans themselves so stupid that they can’t take these jobs?
because who are you going to find to do … oh… wait! ChatGPT can do that now
The real problem is offshoring. In most cases H1-b is more expensive for a company to do and is only done as a last resort which is why small companies also most never sponsor.
Offshoring is unregulated and has proven to have destroyed entire sectors of employment for Americans over and over again. Detroits auto industry was offshored. Manufacturing was offshored. Now it’s white collar jobs being offshored.
The job market needs sheer numbers of jobs to balance out not a minuscule number of high paying high skill jobs.
This year Microsoft announced layoffs in the us but pledged to expand its offices and operation in India. Think about that for a moment.
It’s not AI, it’s not H1B, it’s not DEI. It’s offshoring. There’s literally 0 laws stopping it. The only limiting factor is how competent the offshore talent is and how easy it is to set up an operation. India’s operations are becoming more sophisticated every year and they’re 1/4 the cost of an American employee.
Maybe when the program started that might’ve been an issue.
And moreover, who cares? For most Americans the economy *already* collapsed.
Let’s say he’s right (he’s not), it just collapses for the top 10% who abandoned the bottom 90%.
I mean when you incentivize foreigners to come study in America more than incentivizing your current citizens this is always a risk. It’s balance. Sad we are at this point at all. Need to restore balance all over the place.
but that’s what the gold card is going to be for
If they are indeed the geniuses this he says they are, I’m sure a company would have no problem shelling out $100,000 for them.
Interesting for him to mention that his ‘system’ has 100% foreign born PhD candidates then goes on to say that the USA is taking all the talent from other countries, is he not implying his belief is there are no (or not enough) natural born Americans who could operate at the levels of those coming from different countries? He says that the WSJ wrote and article stating there are no natural born Americans who could fill the jobs if they removed the H1-B, wouldn’t this be partially from there not being enough students going into these programs due to bringing them from other countries?
People don’t realize that there are also cap-exempt H-1B visas, sponsored by large non-profit organizations such as hospitals, universities, and research institutes. They use these visas to bring many foreign-born doctors and nurses to hospitals (particularly rural clinics), as well as to attract talented individuals to faculty positions at universities and to scientist positions at research labs throughout the year (no lottery).
These non-profits won’t have the ability to put up with $100k fee now, so expect a huge shift in that domain (particularly in rural healthcare).
I disagree with him.
Would there be a brain in Silicon Valley and in the country? Absolutely
Would multinational corporations just hire those people locally in their native countries where they can actually pay them even less and have them just work remotely? Also yes
For large companies this will mostly not affect them, yes there are still some specialized positions they will just pay the fee for. But do most of these guys really need to work stateside to be effective? No, Covid and remote work proved that it can be done.
This will almost decimate smaller business who can’t afford the fees. Because there really aren’t as many qualified people locally as some people want you to believe.
But, even worse. Not having people coming over to work on H1B visa will negatively affect the local economy in areas where their use was high. Causing good number of business shutting down because their foot traffic has dried up. This will cause Americans to lose their jobs.
I watched a similar thing happen in Seattle when Amazon was massively growing. They kept bringing people into Seattle. Housing prices in Seattle skyrocketed, people started moving out of Seattle to other cities about an hour away. Local business were decimated if they couldn’t make all their money by the end of lunch time. Because most of the people who worked in downtown Seattle went home to their local cities to have their night life. Numerous business closed because of the lack of foot traffic. But as you can see it was a slightly different situation.
I did hear that current H1B visa holders would be exempt from this change so that may help prevent things from getting as bad (but they could change this later), and I have no doubt exceptions will be made for specific companies or industries willing to bend the knee.
How do you address the fraud. There is clearly a fraud problem.
Yeah right. I saw them layoff whole departments of Americans to hire some “geniuses”. Anybody that’s been in the tech world before 2005 knows this is bs. It was always about hiring for a cheaper cost and still is. You can teach any jr developer to learn the same skill in a year tops.
He couldn’t be more right, the intended or unintended consequence of the H1B Visa fees are going to be enormous and eventually make us a 3rd world country. That may be the point of all of this. Education is the key to a prosperous society but we no longer value education.
It’s the Genius Visa until corporations figured out that they can post a job at a crazy low compensation level, Americans don’t apply, then they can exploit cheap labor across the globe while making American profits. It’s now a labor cost loophole. I hope this passes.
24 comments
i wonder how many people in murica had to train their ‘genis visa’ replacement before getting laid off
and just to add.. .to the rest of what he said? yeah… if u bring those people to murica, have muricans train them, fire muricans, then those h1bs go back home… what do u think happens? muricans will not have the experience anymore
Why were they trying to shut him up? 🤷
I do honestly want some more opinion on this. One of the downsides of the H1B is that you have employees who are being exploited because these corporations are sponsoring their VISA and so they have immense leverage against the employee. Can’t leave for a different job, etc. bad for foreign employee and bad for American because they can’t compete with that.
But also I believe a lot of these jobs are normal tech jobs and not insanely technical ones that Americans can’t fill.
But I may be wrong. Please correct me.
ETA: also, I think it’s the EV-1 visa that’s the “genius visa” and not H1B
This is true. Asians (Chinese, Indians) overwhelmingly enroll in STEM PhD programs at top schools. In general, Asian origin people enroll in STEM programs at a far higher rate than other groups.
I know someone who’s in a key defense R&D role within the government. Their team has mostly Chinese American and Indian Americans.
I love Michio Kaku, he’s a really smart guy with a love for teaching. When was this from? Doesn’t seem recent.
Trump loves China more than the US.
So now trump is trying to squeeze more money out of companies that buy H1-B visas. Will that slow down hiring or will they pay it and bring them in anyway?
Some truth not all. But the main thing is H1B is symptom of an illness. That illness is America is not reinvesting in its future.
The problem is H-1B has been abused by American companies to shut out Americans. Even Americans of Indian heritage are pissed because they have been reolaced by Indians from India. Trump is fixing that to an extent.
Universities love to talk about a ‘shortage of talent’ but that’s not really true. There’s no shortage of great candidates from American soil, the problem is they actually cost the schools money because most domestic PhDs are fully funded by the universities themselves. International students, on the other hand, pay way higher tuition out of pocket for master’s programs and are billed higher for PhDs too, which makes them a financial lifeline. Then a big chunk of them go straight into the H1B pipeline, so universities and industries both get cheap talent while selling the idea that Americans somehow aren’t enough. In reality, a lot of these programs only stay sustainable because of foreign tuition dollars, not because Americans can’t fill the spots.
Many universities love to claim they’re ‘not for profit,’ but just look at the salaries of their chancellors and presidents and it tells a different story.
That’s why you see so many foreign students at universities because they are paying out of pocket.
Many staff and faculty members are dependent in foreign money to keep their programs and jobs afloat.
Are Americans themselves so stupid that they can’t take these jobs?
because who are you going to find to do … oh… wait! ChatGPT can do that now
The real problem is offshoring. In most cases H1-b is more expensive for a company to do and is only done as a last resort which is why small companies also most never sponsor.
Offshoring is unregulated and has proven to have destroyed entire sectors of employment for Americans over and over again. Detroits auto industry was offshored. Manufacturing was offshored. Now it’s white collar jobs being offshored.
The job market needs sheer numbers of jobs to balance out not a minuscule number of high paying high skill jobs.
This year Microsoft announced layoffs in the us but pledged to expand its offices and operation in India. Think about that for a moment.
It’s not AI, it’s not H1B, it’s not DEI. It’s offshoring. There’s literally 0 laws stopping it. The only limiting factor is how competent the offshore talent is and how easy it is to set up an operation. India’s operations are becoming more sophisticated every year and they’re 1/4 the cost of an American employee.
Maybe when the program started that might’ve been an issue.
Now? These aren’t geniuses we’re bringing over, they’re ****ing JavaScript programmers.
And moreover, who cares? For most Americans the economy *already* collapsed.
Let’s say he’s right (he’s not), it just collapses for the top 10% who abandoned the bottom 90%.
I mean when you incentivize foreigners to come study in America more than incentivizing your current citizens this is always a risk. It’s balance. Sad we are at this point at all. Need to restore balance all over the place.
but that’s what the gold card is going to be for
If they are indeed the geniuses this he says they are, I’m sure a company would have no problem shelling out $100,000 for them.
Interesting for him to mention that his ‘system’ has 100% foreign born PhD candidates then goes on to say that the USA is taking all the talent from other countries, is he not implying his belief is there are no (or not enough) natural born Americans who could operate at the levels of those coming from different countries? He says that the WSJ wrote and article stating there are no natural born Americans who could fill the jobs if they removed the H1-B, wouldn’t this be partially from there not being enough students going into these programs due to bringing them from other countries?
People don’t realize that there are also cap-exempt H-1B visas, sponsored by large non-profit organizations such as hospitals, universities, and research institutes. They use these visas to bring many foreign-born doctors and nurses to hospitals (particularly rural clinics), as well as to attract talented individuals to faculty positions at universities and to scientist positions at research labs throughout the year (no lottery).
These non-profits won’t have the ability to put up with $100k fee now, so expect a huge shift in that domain (particularly in rural healthcare).
I disagree with him.
Would there be a brain in Silicon Valley and in the country? Absolutely
Would multinational corporations just hire those people locally in their native countries where they can actually pay them even less and have them just work remotely? Also yes
For large companies this will mostly not affect them, yes there are still some specialized positions they will just pay the fee for. But do most of these guys really need to work stateside to be effective? No, Covid and remote work proved that it can be done.
This will almost decimate smaller business who can’t afford the fees. Because there really aren’t as many qualified people locally as some people want you to believe.
But, even worse. Not having people coming over to work on H1B visa will negatively affect the local economy in areas where their use was high. Causing good number of business shutting down because their foot traffic has dried up. This will cause Americans to lose their jobs.
I watched a similar thing happen in Seattle when Amazon was massively growing. They kept bringing people into Seattle. Housing prices in Seattle skyrocketed, people started moving out of Seattle to other cities about an hour away. Local business were decimated if they couldn’t make all their money by the end of lunch time. Because most of the people who worked in downtown Seattle went home to their local cities to have their night life. Numerous business closed because of the lack of foot traffic. But as you can see it was a slightly different situation.
I did hear that current H1B visa holders would be exempt from this change so that may help prevent things from getting as bad (but they could change this later), and I have no doubt exceptions will be made for specific companies or industries willing to bend the knee.
How do you address the fraud. There is clearly a fraud problem.
Yeah right. I saw them layoff whole departments of Americans to hire some “geniuses”. Anybody that’s been in the tech world before 2005 knows this is bs. It was always about hiring for a cheaper cost and still is. You can teach any jr developer to learn the same skill in a year tops.
He couldn’t be more right, the intended or unintended consequence of the H1B Visa fees are going to be enormous and eventually make us a 3rd world country. That may be the point of all of this. Education is the key to a prosperous society but we no longer value education.
It’s the Genius Visa until corporations figured out that they can post a job at a crazy low compensation level, Americans don’t apply, then they can exploit cheap labor across the globe while making American profits. It’s now a labor cost loophole. I hope this passes.
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