Originally Posted by carboy
(Post 4137388)
Why doesn't India let furriners work in India for under 25000$ per annum? I am sure tons of Bangladeshis would love to compete with Indians for jobs. At all levels. They already interfere, don't they? It's called custom duty on imports. |
Originally Posted by blackasta
(Post 4137392)
I believe custom duty for one time imports in India and 'income tax' for persons working in US may be equated. |
Originally Posted by blackasta
(Post 4137389)
But H1B/L1B/L1A does not entitle you equal rights as citizens - you cannot buy property neither can you vote, and you have to pay SSN tax, which I feel compensates in the 'social cause' of US citizens. |
Originally Posted by blackasta
(Post 4137389)
But then, if it's not a level playing field, why does USA complain in WTO (and win) when India mandates local contents in solar power units (which makes it difficult for US companies and encourages the make in India concept)? |
Originally Posted by blackasta
(Post 4137389)
Here's an article calling the localization law as 'stupid', why isn't Trump's 'local person law' stupid? |
Originally Posted by carboy
(Post 4137407)
How so? Both citizens and non-citizens pay income tax. But only imports pay custom duty. |
Originally Posted by Samurai
(Post 4137420)
What do you mean? Obviously H1B person can buy property. And vote is not a benefit, but a duty. When you work in any country, all taxes must be paid. But you don't have to do jury duty, drafted into the army, etc. |
Originally Posted by Samurai
(Post 4137420)
Countries/Businesses always want access to free market, but don't want to provide free market. :) Businesses will call any restrictions on globalization as stupid because it affects profit. Forbes is a business magazine. |
Originally Posted by blackasta
(Post 4137278)
Also - anyone wishing to check out the simple version of the bill that's the subject of discussion: https://lofgren.house.gov/uploadedfi...017__final.pdf |
Eliminates the “per country” cap for employment-based immigrant visas so that all workers are treated fairly. o Ends discrimination in allocation of employment-based visas so employers can hire the most skilled workers without regard to national origin. o Ensures that all employment-based immigrants are subject to the same wait times for visas. |
Originally Posted by Samurai
(Post 4137289)
Actually, these are very fair terms, for both H1-B and American employees. Only companies that thrive on exploiting employees will weep and scream. Nothing wrong in doubling 60K salary cap after 20 years. |
Originally Posted by blackasta
(Post 4137444)
I should have worded my post carefully - not 'cannot buy' but 'generally do not buy', as I have seen. Most buy property after GC. |
Originally Posted by amitoj
(Post 4137477)
Hopefully this will put an end to years and years of waiting for those who have applied for employment based immigrant visas. |
Originally Posted by amitoj
(Post 4137477)
I have bought a house even though I am on L1. I know many of my colleagues and friends who are on H1B and have purchased houses. |
Originally Posted by Samurai
(Post 4137658)
I am also struck by the timing of this bill. Since this is introduced in the congress at the same time as the Trump's muslim ban, all the traditional US supporters of H1-B (read as US IT giants) are busy protesting muslim ban. By sheer contrast with the muslim ban, the H1-B restriction bill will hardly have any opponents. |
Originally Posted by JMaruru
(Post 4137689)
On the other hand, the H1-B bill, will have silent(behind the scene) and influential opponents in the IT and allied Industry lobbies. Having said that, the Trump administration banning the political lobbies in the hill might have some impact on this bill. |
Originally Posted by Samurai
(Post 4137658)
I am also struck...restriction bill will hardly have any opponents. |
Originally Posted by aargee
(Post 4137742)
Sir, what's your take on the impact of the US IT companies that have been operating out of India? In your opinion, what might impact them good or bad? Thanks. |
Originally Posted by Samurai
(Post 4137731)
Actually, this bill is lot tamer than what was expected. The AG nominee Jeff Sessions wants to entirely eliminate H1B program. This bill looks like a compromise between the two extreme groups. H1B has always been highly beneficial to companies and very unfair to employees, both US and foreign. H1B allowed labour arbitrage, which Indian IT companies exploited to the hilt. TCS was the largest Indian software company 25 years ago, itself has grown 100 times in size thanks to H1B. This phenomena kept the IT wages stagnant in US for a long time. People are still making roughly the same amount I used to make 15-20 years ago in USA. Meanwhile, it pushed the IT salaries in India into the orbit. This killed the domestic IT industry to a large extent. Major IT projects in India are often executed by large IT companies like TCS/Infosys at below cost as showcase projects. Since they make obscene profit from H1B bodyshopping, they don't mind giving away domestic projects at below cost, for training their staff. So Indians got used to paying very little for software. As a result, Indian IT service companies can't survive on domestic business at all. Nobody wants to pay fair price for Software development in India. I have lost count of the number of times I have been asked to develop and supply software at 25-50% cost. Example: Domestic customer: I want a custom software that does XYZ. Domestic vendor: Sure, it will take 5 engineers 6 months to develop this. Domestic customer: Great, I have a budget of ₹10L for this. Domestic vendor: :eek: Sir, just the salaries for 5 engineers for 6 months will be ₹15L. Now add the overhead costs and fixed costs, which will be at least ₹10L more. My cost alone will be ₹25L. I have to charge at least ₹30L. Domestic customer: I don't know all that, if I am paying ₹30L, I can go with bigger companies like TCS/Infosys (who will do it below cost). Therefore, this H1B restriction may finally revive domestic IT services industry. Yes, it also means IT salaries which is artificially kept high, will tank and software services price, which is artificial kept low, will finally raise. |
Originally Posted by aargee
(Post 4137742)
Sir, what's your take on the impact of the US IT companies that have been operating out of India? In your opinion, what might impact them good or bad? Thanks. |
Originally Posted by Samurai
(Post 4137745)
In respect to H1B? The effect will be pretty much similar, they will start hiring US locals since the labour arbitrage opportunity is no more available. US IT wages will finally start raising. |
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