We add immense value, yet we seen almost none of the profit of that value. Underpaid to say the least-- especially considering the value of money has steadily declined (overall) since 1972.
I saw a number someone quotes in a comment of _$120,000_ but it doesn't go as far as it did in the nineties. Realistically, that wage should be closer to $180k or more now-a-days-- but it's not.
Plus the real moral of the story is: your business is either capital intensive, or labor intensive. Software Tech isn't really capital intensive (per dollar) but is extremely labor intensive.
If tech companies want more talent perhaps they shouldn't build their campuses on some of the most expensive land in the country. That'd probably save a lot right there.
I'd be willing to bet Facebook wants more H1-Bs because it helps their bottom line (decreasing costs), which increases their profit margin, which increases their stock price... A dollar saved, is a dollar earned-- ask an accountant.
I saw a number someone quotes in a comment of _$120,000_ but it doesn't go as far as it did in the nineties. Realistically, that wage should be closer to $180k or more now-a-days-- but it's not.
Plus the real moral of the story is: your business is either capital intensive, or labor intensive. Software Tech isn't really capital intensive (per dollar) but is extremely labor intensive.
If tech companies want more talent perhaps they shouldn't build their campuses on some of the most expensive land in the country. That'd probably save a lot right there.
I'd be willing to bet Facebook wants more H1-Bs because it helps their bottom line (decreasing costs), which increases their profit margin, which increases their stock price... A dollar saved, is a dollar earned-- ask an accountant.