infinity ag said:
1. They are mostly low talent. There are always a few good ones. The group has the few capable ones and 80% new/clueless ones who learn on the job at your cost. American workers are out of this loop.
2. Depends on what percentage these loans are. It doesn't seem to be a lot but more law changes are coming so I think this will impact housing in H1B rich cities. H1Bs are slowly getting eased out and many are planning to move back as they'd rather go back now than when their kids are in high school so this will cause some selling.
3. Don't teach me economics. Most of this is common sense. Don't just go by your textbook. When H1Bs take over a town economically by capturing most of the jobs, the locals cannot get jobs as they are deemed "expensive". They are unemployed and eventually leave the town increasing H1B capture. H1Bs are not invested in the city like the locals were, they are just here for the money and will go anywhere they can get more. This causes towns to decay and die. You cannot just increase taxes, that will accelerate people leaving.
4. They pay the same tax but they send a lot of their income overseas. That is the problem. And due to employment practices, they drive locals out.
Don't start on the "read economics" bs. Our elite/leaders have had all the economics knowledge and have trashed the economy and made it good just for investors (like myself). Our kids are all suffering. No, not everyone wants to do HVAC or be a plumber.
I don't want to take my own thread off track, so I will only discuss impact on the housing market.
Rules impacting H1Bs will impact housing and lower prices. Good for people who want to buy, bad for people who want to sell. Watch out.
"1. They are mostly low talent. There are always a few good ones. The group has the few capable ones and 80% new/clueless ones who learn on the job at your cost. American workers are out of this loop."
So they are good enough to do quick fixes or not? :-) Arguing both sides here. Stiil.
"2. Depends on what percentage these loans are.
It doesn't seem to be a lot but more law changes are coming so I think this will impact housing in H1B rich cities. H1Bs are slowly getting eased out and many are planning to move back as they'd rather go back now than when their kids are in high school so this will cause some selling."
I'll go with your bold. Don't know about coming law changes.
"3.
Don't teach me economics. Most of this is common sense. Don't just go by your textbook. When H1Bs take over a town economically by capturing most of the jobs, the locals cannot get jobs as they are deemed "expensive". They are unemployed and eventually leave the town increasing H1B capture. H1Bs are not invested in the city like the locals were, they are just here for the money
and will go anywhere they can get more. This causes towns to decay and die. You cannot just increase taxes, that will accelerate people leaving."
I don't take on lost causes (much) anymore.
Again, your argument above is self-contradictory.
You say - They are here and take the good jobs, then they move on and their lost economic contribution kills towns.
If they move on,
why is neither a US person nor another H1B taking that now vacant job? Unless you are arguing their presence increases the overall area's economy? Which I doubt you would argue. :-)
H1Bs are much less mobile than US. They have to stay for the job. If they are moving, it's generally because the employer demand has changed. Then, you are correct they are much more willing to move to keep a job. How can you even argue this, when they are close to indentured servants?
"4. They pay the same tax but they send a lot of their income overseas. That is the problem. And due to employment practices, they drive locals out. "
(See
Don't teach me economics.)Weren't you preaching a few posts back on how people spending their all their paycheck was a bad thing?
Are you now saying that your paying off all your spending and now saving is a bad thing? Your
not spending your money in the local economy is good, but
their not spending all their money in the local economy is bad. Forget about all the other omitted economics.
