Right. Demand is fairly rigid from companies who need the labor. But they, as for-profit entities, want to maximize shareholder value, so instead of paying market rate for labor when the market rate is high, companies attempt to decrease the market rate by increasing labor supply through a variety of means - lobbying for modern indentured servitude (H1b's), shipping jobs overseas, etc.This stands in direct contrast to the stated arguments they use to justify such moves, like "there isn't sufficient talent inside the US". There is sufficient talent inside the US, it just comes with a price tag they don't like.
skeledrew|5 days ago
Can confirm those targeted by H1B visas, etc don't think like that at all. I was in the US for a while on a F1 visa, which allowed me to work for a couple years, and I was super grateful for the opportunity. Had a couple positions with wages I heard some ranting was "too low", while I found it very livable and was even able to save a significant amount. I can imagine it being very similar for others who've come from places where earnings really are a pittance for many.
anonym29|5 days ago