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tldr (tim reilly)
@tldr
Vitriol on X against Sriram’s appointment has so far led to what seems to me a very positive outcome: Sacks and Elon have publicly stood up for putting meritocracy over nationalism when it comes to solving the most critical problems facing the US and the world. A very silver lining to an idiotic cloud.
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amc
@amc
Is it actually about solving the world’s most critical problems or about squeezing out some more profit to line their pockets?
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tldr (tim reilly)
@tldr
It doesn't always feel easy for me to discern people's true intentions. But I also think that, in capitalism, when the selfish intention is aimed toward producing more – as it seems in this case – then unadmirable intentions can still be capable of producing public goods.
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amc
@amc
I think the H1-B debate is one of the more interesting ones taking place atm My issue is do the workers that come over on H1-B distort the labor market, and/or are employers incentivized to hire H1-B vs American workers? I don’t have enough information to put together an all encompassing viewpoint 100’s of thousands of white collar tech jobs have been lost over the last few years. My thought it that a productivity increase by the company does not make up for the ever dwindling middle class of America
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tldr (tim reilly)
@tldr
I see what you're saying but let me give a counterpoint: Do you think it's good for a team to not trade for an awesome player because they are afraid that some current players (who they like) are going to be upset about having to ride the bench? In my view, how the team as a whole is doing (US) is ultimately what's going to be better for everyone. Big innovations really do trickle down. And what hurts now will be to our benefit in the coming years.
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res ipsa ☺︎
@resipsa
both. the H1B ties you to one employer. if you’re unhappy you can’t leave until you find another employer who would take it over. the H1B runs out seven years after you first got it and you’d have to get a green card sponsored by an employer before it lapses or leave. the green card process is give-or-take two years and you can’t leave the company once it starts or else the green card application fails. the current structure is inherently anti-competition. it doesn’t incentivize employers to be good employers, which then affects everybody else. it’s indentured servitude for people who want to stay. if it’s really a matter of merit we would unchain them.
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