Not startups. 100k is like 75% of base comp in most bay area startups
Among BigTech, maybe like ~20 companies will be willing to pay this per employee.
I suspect that flying someone from Buenos Aires to SF or NYC for onboarding and then and back would cost significantly less than $100k.
Remote work from Europe is harder in this regard, and from India... would be night shifts only.
What if they are a contractor? Well usually the law treats these things like ducks and asks if they quack. If it quacks like employment it is subject to that law.
I work for an American startup, remotely from S. America. I'm hired according to the (extensive, and expensive) local labor laws, while my startup likely knows absolutely nothing about the intricacies of how my countries' labor laws work, the EoR just handles everything and sends the employer a bill every month.
Certainly the $100k fee is going to make the application much more expensive (though you can amortize it across 3 or 6 years, right?), but it was already not exactly cheap to deal with the legal costs around H-1B employees.
> Among BigTech, maybe like ~20 companies will be willing to pay this per employee.
I think that's a vast, vast underestimation. Most companies, even not-so-big ones, will continue to pay it. Maybe they'll think twice a bit more for future hires, and try harder to find someone local, which I don't think is a bad thing. Or, of course, this could just represent another factor in downward wage pressure across the board, which is bad.
I dont know of a single person here on a visa making less than 150k salary. They get the same stock, bonus and benefits that every one else gets.... it's well over 300k to have that staff member when all is said and done.
You're not adding on 100k a year, you're adding on 100k for a 3-6 year employee.
Even if that works out to 20k a year, it's pocket change in the grand scheme of things.
Don't have data on this but anecdotally the base salary range for most YC startup jobs advertised here is around 150k-200k based on what I see.
You are right that it does amortize if the employee stays long enough.
And I expect workers on H-1B change jobs much less frequently than citizens & green card holders (and holders of "safer" visas), since changing jobs on an H-1B involves more risk that can end up with you being required to leave the US.
I'm glad to hear this has been the environment you've worked in, but I don't believe it reflects the majority of skilled workers in the US on H1-B.
H1b also only takes into account the actual salary, it completely ignores stock bonuses.
All the H1B's I have worked with are whip smart, hard working, and in general amazing people. I cant say the same for all my localy sourced colleges. The tragedy of the economics in most of these cases was that they were making the same amount of money as their peers and not more...
In a lot of cases companies are getting a Steff Curry or a Lionel Messi and paying them the average of the rest of the team...
That exactly is Trump’s intention, no?
He has been pretty good at sticking to his campaign promises.
I wouldn't be too surprised if you genuinely believe that Ukraine war has been over since Jan 20 and that grocery prices are at all time low.
