@shobweet Ah, I see the H1B high skilled worker has confused correlation for causation. Indirectly, you may have proved the opposite argument you were intending
Anyone who doesn’t believe the h1b system is rife with abuse isn’t close enough to the situation. This isn’t an anti-immigration argument. It’s about ensuring an equitable pathway for our fellow citizens to live a life of opportunity.
The H1B policy change and lockdown with Microsoft will have a massive impact. Housing is unaffordable here and H1B has fundamentally changed the town I've lived in since 1991.
We've have a 10 year lego block apartment building boom to accommodate the massive influx of H1B workers. Anyone who grew up here can't afford to buy a home. Our property taxes have increased 30% since Covid.
I always hear the argument "there are no American workers to fill the roles."
But I know so many friends and colleagues who were forced out and replaced by H1Bs at Microsoft, and many other local tech companies. In fact, most had to train their H1B replacement, and if they didn't, they'd lose their severance package. This is my anecdotal experience and your results may vary.
I have also worked with plenty of H1Bs in roles that could easily be filled by a highly capable American. But somehow the visa fee and salary was cheaper than keeping an American on board. And I never saw any benefits in outcomes. It was just cheaper.
Is there a valid use of this type of program? Yes, I believe so. But most major tech companies have abused the program and native-born American workers were sacrificed. This is wrong.
The H1B program needs to be recalibrated.
The H1B policy change and lockdown with Microsoft will have a massive impact. Housing is unaffordable here and H1B has fundamentally changed the town I've lived in since 1991.
We've have a 10 year lego block apartment building boom to accommodate the massive influx of H1B workers. Anyone who grew up here can't afford to buy a home. Our property taxes have increased 30% since Covid.
I always hear the argument "there are no American workers to fill the roles."
But I know so many friends and colleagues who were forced out and replaced by H1Bs at Microsoft, and many other local tech companies. In fact, most had to train their H1B replacement, and if they didn't, they'd lose their severance package. This is my anecdotal experience and your results may vary.
I have also worked with plenty of H1Bs in roles that could easily be filled by a highly capable American. But somehow the visa fee and salary was cheaper than keeping an American on board. And I never saw any benefits in outcomes. It was just cheaper.
Is there a valid use of this type of program? Yes, I believe so. But most major tech companies have abused the program and native-born American workers were sacrificed. This is wrong.
The H1B program needs to be recalibrated.
@elonmusk@elonmusk is a startling idea. It may scare some. Could you lay out a high level framework for what the future would look like if this happened?
@DowdEdward Interesting to see how far and fast rates have risen for junk. But the distribution is what would be even more helpful to see instead of the absolute increase in bonds trading below 60/100
I believe @GavinSBaker had this thought (paraphrasing), a token is a token, is a token. The underlying price of the token doesn’t really matter. If anything, lower pricing is a tailwind to adoption. As long as the total token consumption continues to grow, it’s bullish for infra buildout
I dont get how anyone could argue that a difusion of models, including open source, is ultimately anything but a huge positive for the compute suppliers.
An alternative thought example: image some new ice cream was made that people were obsessed with. Think amazing gelato when it first gets to the states. Do the margins of the ice cream shops matter for all the producers of the machinery to make it? No.
Even if the frontier labs go to zero, the capacity will be absorbed by open source. The only bullish case of suppliers would be a slowing of AI adoption OR a new technique that made them radically more efficient in terms of intelligence per token.