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Comment by webmaven

This is a good but flawed move.

In very high COL places like NYC and SFBA $130k is barely a living wage unless you can put up with a 2h commute.

OTOH, in low COL markets (eg. KC) this eliminates H1-Bs from consideration for most entry-level positions.

For many markets in the middle (an example doesn't come to mind, perhaps Los Angeles?) where $130k+ is a decent salary for an entry-level position this new minimum works.

What's really needed to make H1-B work on a national scale for a broad range of professions while still limiting abuse is something like a COL adjustment, or scaling the minimum with some formula like 75% of the median salary, or the 30th percentile, or something similar.

Edited to add: I am assuming that no more than 30% of your salary is spent on rent, you save 10% of your salary, that you are working in downtown San Francisco, that your commute is under 30m door to door via public transportation, and you live in a 2-bedroom apartment.

Also: https://smartasset.com/mortgage/what-is-the-cost-of-living-i...

parent webmaven 9 years ago

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