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Joined 3 years ago
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Cake day: July 1st, 2023

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  • Most H1-Bs are filling jobs that pay $200k+. Most Americans don’t know but tech jobs pay between $200k-$1m, and almost all of those jobs are taken by folks on H1-B visas. Rather than sourcing and training Americans for the best paying jobs in the country, the tech industry has lobbied Congress to flood the market with labor from India and China. We can only imagine these wages would be higher without the influx of these workers. But, the wages are still high, and they would love to flood the market with even more cheap labor if they could uncap H1-Bs to further drive down wages. There are people willing to work for $60k/year just for the promise of an American visa.

    Additionally, H1-B workers are easier to control. They all fear layoffs or firings because losing your job means losing your visa, if you can’t find another job within 2 months. So, there is incentive to neglect work-life balance and change the culture of a company into “996,” which means working from 9am to 9pm, 6 days a week.

    And, there is widespread fraud and discrimination against American workers too. When entire departments come to be filled with people from a certain country, they tend to keep hiring people from that country. One reason for this is tech companies tend to hire from contracting agencies like WiPro, InfoSys, TCS, Cognizant, and HCL (WITCH), all of which originated in India and source from India, so they don’t focus on diversity at all (there have been lawsuits). Many of those contractors are doing jobs that should actually be filled by full time employees, but companies flagrantly ignore labor laws. When they do need to hire full time employees, they often convert these contractors. Also, many of these workers don’t have the actual qualifications for the job, so they falsify their resumes. I’ve interviewed candidates claiming 15 years of experience with a language, that cannot write a single line of code in that language when prompted. Those that can write code, don’t always follow best practices and can churn out cheap, hacky solutions that ultimately just need to be redone.

    This is all an open secret in the tech industry. It isn’t more widely talked about because there are few Americans to actual witness what is going on. And, those criticizing the system risk being painted as xenophobic. It is good to see Bernie coming out against these practices because people on the right and left should be critical of it.






  • I agree USB-C is small enough, but micro and mini usb were not reversible. I don’t think Apple was intentionally making cables that fell apart easily. I agree that they did, but I don’t think it had some profit motive behind it. Apple makes dumb design decisions some times because their designers like certain looks or materials. I just honestly think the designers liked the material of the cable and its feel. It was admittedly nice, but it just falls apart within a year of everyday use. Now they’ve changed to a cloth material.



  • What is the value of shareholders for massive corporations?

    Corporations don’t start off massive. They start off small and lacking “capital” or money with which to fund the creation and support of their products before they become profitable and self-sustaining. So, how do they motivate people to lend them money? They sell shares, aka ownership, of the company. If the company succeeds, the shares become more valuable and the shareholder that bought them can sell them for more than they initially paid. Mostly, massive corporations don’t need to raise money in this way of selling shares, so most shares are traded publicly through third parties.

    Is it that they fund retirements of future generations?

    Kind of. Retirement is expensive, and saving alone isn’t really enough to pay for it. On the whole, stocks tend to go up, so people mostly invest their savings into the stock market for years before they retire so that their money will grow enough to retire. Individually, people are usually trying to find their own retirements, not future generations. However, there do exist big retirement funds for entire companies called pensions that are interested in growing a pool of money for its current employees and future ones. Vanguard, and similar companies, offer tools to make investing for retirement easier, like accounts that you don’t have to pay taxes on until you retire, or single shares that are actually thousands of different company’s shares grouped into one.

    To your last point, there could be better ways, but we don’t currently use them. There are problems with the system for sure.