"The bill only touches a small subset of H-1B employers abusing the system," said Hira. "The vast majority of employers that hire H-1B workers to replace Americans will continue to do so."
http://www.computerworld.com/article/3154886/it-careers/new-gop-h-1b-bill-appears-to-fall-short-of-trump-s-goal.html
@3yva Nailed it and made me chuckle
It won't end the problem of getting a bunch of incompetent Indians who take the job of incompetent Americans but at least it will crimp the business model for the the Indian outsourcing companies.
Hira is wrong on this.
Most of the H1B visas are used by Indian outsourcing companies like Wipro, Tata, and Infosys. They pay just above the "prevailing wage" ($60K) so they don't have to make an effort to try to hire American workers.
If the prevailing wage is raised to $100K, the business model for these Indian outsourcing companies become less economical. It would be like raising the minimum wage at McDonalds to $20/hour.
It won't end the problem of getting a bunch of incompetent Indians who take the job of incompetent Americans but at least it will crimp the business model for the the Indian outsourcing companies.
Also, this bill is a start. Don't think this will be the last word on H1Bs. I think AG Sessions will make an example of a Silicon Valley company (maybe one that was in the tank for Hillary) that abused the H1B visa.
Less than 10% of US Jobs are in manufacturing, we do produce astounding amounts of BS here in the good ole USA. "Services economy" Yippie
Just Glorified Sweat Shops. Profits have been stagnating since 2014. So what is going to happen, outsource ,, layoff ??
St. Louis Federal Reserve (FRED) chart of pre-tax corporate profits
https://fred.stlouisfed.org/series/CP
Great. More incompetent Indians and other foreigners taking the jobs of US citizens in order for IT firms to pay lower salaries. The management of the IT industry has no shame.
Time to prepare resumes