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An auction-based system that's awarded by the applicant's tax contribution will not only make it prohibitively expensive to hire foreigners over Americans, but also increase tax revenue.
$500k compensation packages are not uncommon, which will bring $250k in tax revenue.
Free the H1B.
23.7. klo 10.00
🚨 HUGE Immigration News: Trump just proposed a big change to the H-1B. No more lottery, but weighted selection by wage.
Based on your job code and location, your base salary %ile will slot you into one of 4 groups. 85k H-1Bs are selected in decreasing order IV > III > II > I. If there are more applicants than slot, lottery happens within a group.
The data from LCA applications, those selected into the H-1B, shows 13% level IV and 24% III from ~480k apps. This means mostly level IV will fill up the 85k cap.
This has about 30% chance of being a law by 2027.
What does this all mean? I outlined the big consequences of this bill below.
Even better proposition would be to train us that tax to train American workforce
Even better proposition would be use that tax to train American workforce
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