one of SV darlings: Rippling has 84 jobs listed in India - mostly software
the US techincal jobs are mostly at Senior & Staff Level and they're around 60
what's going to happen: companies will maintain US offices for Sales (Account executives etc). while software which most of us do here - is shipped to cheaper locations
even a bill like this - hire act [0] - can be circumvented by clever legal structures. have a Cayman islands company that holds IP - is the shareholder in the US company etc, the indian or offshore company develops the software. no more excise tax on payments to offshore contractors
That bill appears strictly performative, especially when the Democrats can and have shut down the House by merely demanding a vote on attaching Epstein riders to bills.
If there were to be a bill that successfully implemented a 25% tax on offshoring for US companies, US investors would rapidly improve their ability and inclination to invest in other places. Nobody's going to increase or decrease offshoring as a result; the non-executive jobs that are in the US without a legal (e.g., security clearance) requirement are those that the CFO and board are already satisfied have substantial -EV if they were to be performed from a low-wage country instead.
Contrary to the article, Indians don't have a binary choice between working in the US and India; if the former no longer provides the ability to have higher QOL and savings on a tech salary, the people who used to get an H-1B will go to Canada, Europe, and Australia instead.
let's work with data:
one of SV darlings: Rippling has 84 jobs listed in India - mostly software the US techincal jobs are mostly at Senior & Staff Level and they're around 60
what's going to happen: companies will maintain US offices for Sales (Account executives etc). while software which most of us do here - is shipped to cheaper locations
even a bill like this - hire act [0] - can be circumvented by clever legal structures. have a Cayman islands company that holds IP - is the shareholder in the US company etc, the indian or offshore company develops the software. no more excise tax on payments to offshore contractors
[0] - https://forumtogether.org/article/bill-analysis-halting-inte...
That bill appears strictly performative, especially when the Democrats can and have shut down the House by merely demanding a vote on attaching Epstein riders to bills.
If there were to be a bill that successfully implemented a 25% tax on offshoring for US companies, US investors would rapidly improve their ability and inclination to invest in other places. Nobody's going to increase or decrease offshoring as a result; the non-executive jobs that are in the US without a legal (e.g., security clearance) requirement are those that the CFO and board are already satisfied have substantial -EV if they were to be performed from a low-wage country instead.
Contrary to the article, Indians don't have a binary choice between working in the US and India; if the former no longer provides the ability to have higher QOL and savings on a tech salary, the people who used to get an H-1B will go to Canada, Europe, and Australia instead.
Search "HIRE Act".
at 100K per h1B, still a good deal for most no?
Probably not, but is it worth it for a big company to follow the bribe path and petition for an exception? Yes.