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> Because all your friends and former classmates can't code even if their life depended on it.

How about a little on-the-job training? Let's be honest, the real issue isn't talent. These H1B applicants are willing to sacrifice their lives for your company whereas your average entry-level American engineer may prioritize something else.

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Bringing someone over to the US on a H1B is an expensive, time consuming, mind-numbingly long affair. The only companies that I see doing that is if they have no other options at all.

expensive relative to the savings of competing on the market?

"time consuming, mind-numbingly long" doesn't matter much if it's in your business model to do this at scale. In fact, it would be an explicit competitive advantage.

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