On: The Bogus High-Tech Worker Shortage

[don_draper]

The finance companies pay considerably more than Silicon Valley companies thus don't have the same problem with filling positions as SV does. Do you disagree with that?

Search 'finance companies lobby h1b visa'. Nothing Then search 'bay area companies lobby h1b visa'. Tons of results.

[pg → don_draper]

I don't know whether finance companies pay or whether they have less problem hiring people. But what difference would it make it that were the case? We're talking about the same pool of people. The specific companies where the shortfall appears doesn't make any difference to the argument for immigration.

[don_draper → pg]

We're talking about supply and demand. Wall Street understands that if the demand for talent is higher than the supply then the solution is to pay more, not whine about it.

[muzz → pg]

If price is allowed to rise, demand drops.

[danmaz74 → muzz]

Price is already allowed to rise. Any company can offer a higher salary to its engineering candidates.

[muzz → danmaz74]

Great, so the market-clearing level should be reached and there is neither shortage nor surplus.

[lxm → don_draper]

Finance shops typically contract through an outsourcing agency. Wipro, Tata and InfoSys are typically among the most prolific filers for H-1B, and those filings fell significantly in 2009 post financial crisis.