$100K H1B Moat: Shielding US Jobs or Sparking a Global Talent Exodus?

Hey Satsmate Stackers, 

I hope you are all doing well! We have recently seen some large measures take place on the H1B program here in the U.S. With this, we will see it cost a lot more to tap into global talent, while concurrently aiming to protect U.S. jobs. I think a balanced approach must be assessed, and in this podcast I explore both sides of the argument, and present my thoughts including: 

• There is no surprise over the past couple of decades that top jobs are getting more competitive
• Benefits of tapping into global labor means we can get higher-skilled workers
• Cons make it so companies may pass up on local talent in favor of external talent
• Many say this is a blow to tech, and there will be a brain drain to other countries around the world
• I think for a company to hire an H1B, they should prove that they literally couldn’t find anyone
• Youth unemployment rate is approaching 10%, and we need to set up a ladder for our own workers
• Most recent details of this is it is a one time fee of $100K, no annual fees, doesn’t apply to renewals, only net news
• I think it is important to protect American jobs, but I don’t know if this is the right route
• The right route is to make it so American workers are the best, and invest in education
• Many trump supporters in tech, like Musk or Thiel, won’t like this
• I think the stance will tend to soften over time, as the job situation is much more dire than just this
• Creating walls and giving people the boot  will not help this economy
• We need to restore the free markets to their full potential, and get rid of corporate interests and NGOs at the government level
• If an extreme stance were to take shape, companies would move where the best talent is
• Remember the extent companies will take to dive into loopholes, the U.S. doesn’t have jurisdiction in Laos, Cambodia, Thailand, Vietnam, China, or those other countries

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Best Regards, 

SatsMate Stack

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