WHY DO TOP TECH COMPANIES IN THE USA HIRE OVERSEAS?

It because Americans are expensive and dumb.

as teh letsrun proves that a TON my GOD!!

I work in for a large biotech company in silicon valley and 90% of our IT positions are outsourced to Tata Consulting in India. It's all about the $$$, those employees are 5-6x cheaper than myself. They are also about 3x more inefficient, but they don't care about that as long as sloppy work passes and they save a few bucks.

100%. Vivek is a talking head spouting nonsense to get what he wants.

Rough sketch

Take note that all the multi-millionaire, billionaire tech bros did not in the last few years switch to the Republican Party simply because of reformed ideological viewpoints. Many of these people, who were top donors to Donald Trump, used to be supporters for the Democrats for a long time before. There was something in it for them. Many of them are barely what you would call a conservative in any of the beliefs they display. They are still pro-gay marriage, pro-abortion, pro-transgenderism.

So we can see that these billionaire tech bros have immense power over the government. This is also ignoring the fact that these people are the main leaders of AI research, something that the USA is at an arms race with China with. They are more powerful then the whole democratic party combined, who are basically figureheads. And why do you think the elites of Silicon Valley abandoned the Democrats? They noticed the culture shift of America and took advantage of that? Is it because of the inconvenience of environmentalism hampers energy needed to produce new technologies? That's a pretty damning theory, when you think of what it insinuates. Any other possible theories you guys may know? I haven't researched this far into the topic. And what do you think is the answer to the topic question? Do you believe Trump was bought?

Besides Elon Musk, Mark Zuckerberg, who is very well known for censoring conservatives on his platforms, and Jeff Bezos have also somewhat endorsed Trump. They have both recently met up with Trump at Mar-a-Lago. Both thought of to be pretty liberal.

That's what it seems to be.

One word: equity

Tech founders would have to give up more equity/options to attract and retain talent. They don't have to do this with H1B visas who are essentially second-class labor.

Zuckerburg, Musk, et al. would not be as rich as they are if they had to split their ownership up moreso in the early days of their companies.

Income and wealth inequality loves H1B visas. The damage has been done but that doesn't mean we can't stop future damage.

Also, I said this years ago, it's not just tech companies. It's bank, finance companies, hospital, manufacturing. As far as I'm concerned, American citizens that compete in the job market would make double, if H1Bs weren't part of our labor market.

And you have to think about that statement (wages being double) in terms of how US companies would have to otherwise recruit, retain and promote the US citizen workforce.

We are really stabbing ourselves in the eyes here.

-Krispy

I do wonder though if there's more to the story than them just wanting cheap labor. Is it really a net profit to use cheap foreign labor after spending hundreds of millions of dollars for it? Long term it is of course, but I am thinking there is likely another factor. Possibly.

Cali is smart. The rest are a bunch of perverts.

We just don't produce enough homegrown engineers in the US. Seems like most of the top students in high school want to be doctors and lawyers (and such?) rather than become engineers.