Companies such as Google and Apple say they need immigrants because there aren't enough qualified workers in the US. Opponents say immigrants are depressing wages; these companies are only importing these workers in order to depress wages!
Let's see who is telling the truth. Back in 1990s, a decent salary for a fresh graduate, at a top company like Sun Microsystems was $40,000. RSUs were unknown back then, and certainly fresh graduates didn't get any! If you adjust for inflation $40K in 1990 translates to $99K in 2024. Today a fresh graduate can get a $120K offer at a top company, and another $10K to $50K in RSUs. Do you see any evidence of wage depression?
It does look like these tech companies are NOT importing workers to depress wages!
Let's see who is telling the truth. Back in 1990s, a decent salary for a fresh graduate, at a top company like Sun Microsystems was $40,000. RSUs were unknown back then, and certainly fresh graduates didn't get any! If you adjust for inflation $40K in 1990 translates to $99K in 2024. Today a fresh graduate can get a $120K offer at a top company, and another $10K to $50K in RSUs. Do you see any evidence of wage depression?
It does look like these tech companies are NOT importing workers to depress wages!