Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: get shorty who wrote (8060)	1/12/2003 3:31:25 AM
From: put2rich	Read Replies (1) \| Respond to of 306849

<I'll take the opposite side of that argument. I believe the executives thought there had to be some kind of alternative to paying a newly graduated PhD, $100K plus a $15k sign-on bonus, to start. How long do you think US companies remain globally competitive with pay structured like that?> I don't think newly graduated PhD get $100K plus salary, even in bubble time in the Silly Valley. Also you should ask why American CEO, CFO salaries which are several times more than their peers in Europe or Japan. Engineer salaries are relatively higher than other professionals (except lawyers, doctors, and even independent paralegals) but they are regularly laid-off, and some have a short career in engineering. I know most H1Bs are a fraud with a fake high qualifications and dirt cheap pay in the ad. You read it and you know right away what the ad meant. I am also an engineer with excellent degree in Mechanical, and competence in software, but it is hard to find any meaningful technical job now. While I saw all cheaters in Real Estate and paralegal services get rich beyond immagination!

To: get shorty who wrote (8060)	1/12/2003 9:42:15 AM
From: jt101	Read Replies (1) \| Respond to of 306849

I agree H1B program was abused to a large extent, but IMO, it is nothing compared to the trillions looted by company insiders via options ponzi scheme. Enron, Global Crossing, many defunct dot.coms etc...

To: get shorty who wrote (8060)	1/12/2003 1:54:31 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

I'll take the opposite side of that argument. I believe the executives thought there had to be some kind of alternative to paying a newly graduated PhD, $100K plus a $15k sign-on bonus, to start. How long do you think US companies remain globally competitive with pay structured like that? No real argument with your post... except this part. How much do you think a newly graduated PhD (assume from a top school) is worth? How many PhD's are we graduating from the ivy league anyway? Not many. Don't you think a salary close to 100K is reasonable given the salaries paid to executives, union labor, pilots, etc.? Thats the real problem with this argument I believe, misguided expectations on both sides. Speaking from personal experience, when I was doing complex ERP implementations in the mid-90s, companies were spending millions and misfiring on these things constantly. Then you looked at the staffing issues... IT depts were trying to hire people that understood how to customize and design these new technologies on say, a $45K yearly pay package with no other incentives. Basically, double what a salesgirl makes at Macy's. The CIO/CFO/VP IT was making say 200K but the workers- nothing. This gross discrepancy in pay for IT staff people vs management led to the rise in the contractor workforce, which is expensive but gets the job done. (btw these undermarket IT pay packages led to the H1-B explosion). The "we have to pay people too much" argument only works for me at least if management is paid reasonably or within a low range. But we both know it isn't - management salaries have ballooned higher than any tech worker could ever imagine, and I mean even middle management who really have an easier job than the tech leads below them. BTW back to the PhD for 100K- I hope you don't think thats what we were getting from the H1-B program... an equivalent to a ivy league PhD. The offshore people who had what it takes to get an ivy league PhD would have simply applied for one at one of the schools here. A degree from somewhere in bangalore is not the same as someone from Princeton. Lizzie