Yes I say you are right, but that only proves these companies only want to hire very cheap labor.
There is talent in the US, all it takes is training. Decades ago companies would train new hires out of college, but that trend ended in the 90s.
Wall Street started forcing these companies to chase fast market growth and high stock prices. In many cases profit has no meaning for these startups, the only metric is stock price growing. Then once the investors can sell the stock, they bail leaving the company to figure out how to survive by itself.
There is talent in the US, all it takes is training. Decades ago companies would train new hires out of college, but that trend ended in the 90s.
Wall Street started forcing these companies to chase fast market growth and high stock prices. In many cases profit has no meaning for these startups, the only metric is stock price growing. Then once the investors can sell the stock, they bail leaving the company to figure out how to survive by itself.