H-1B curbs put pressure on IT firms’ margin

Cut off their parasite visas into the US, and they collapse like a house of cards.

The tech geniuses of the world can’t survive without American-created jobs.

Why don’t they all just innovate in their vaunted innovation hubs and create some tech to sell to the world.

Oh that’s right, they can’t.

The article even admits H-1B is all about cheaper labor.

https://www.thehindu.com/business/Industry/h-1b-curbs-put-pressure-on-it-firms-margin/article27267256.ece

Local talent comes at an additional cost of 25 to 30% compared with the salaries paid to H-1B holders deployed onsite. Traditionally, the sector had relied on labour arbitrage for maintaining margins, but that gap had been narrowing owing to various market forces — mainly, changing U.S. policy stance towards H-1B visas”.

Posted on