This is why people like me come out so vociferously against H1B caps being raised or removed. Fraud is rampant and I personally know people, US citizens, who have lost jobs to H1B people who get paid half as much.
This is why people like me come out so vociferously against H1B caps being raised or removed. Fraud is rampant and I personally know people, US citizens, who have lost jobs to H1B people who get paid half as much.
Yea, and those people can stay living overseas.
while such worker is indeed somewhat cheaper, the cost of not filling the position while they go through the legal process of obtaining the visa makes it on par.
so it is not all fraud.
>they've already decided on getting cheaper immigrant workers, and then go through the fraudulent process to get them.
If it's truly banking talent, it lilely still isn't cheap. It's just talent that can't easily job hop in 1-2 years to a competing bank. It's a soft form of the anti-poaching agreements certain companies had over a decade ago.
Easiest way to mess that up for companies is to simply make a Visa applicable as long as that worker stays in the US sector of that industry. So the company does the work but gets no handcuffs. The idea of H1B's is to attract top talent, not hold them hostage at a single company.
you can rationalize anything with this kind of logic