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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (79743)	9/16/2011 11:42:40 PM
From: arun gera	Read Replies (1) \| Respond to of 218881

> Those are people at the bottom of the pile with low potential incomes. Those at the top with real money will pay vastly more.> Those at the top with real money have better lives in their own countries.

To: Maurice Winn who wrote (79743)	9/16/2011 11:55:08 PM
From: arun gera	1 Recommendation Read Replies (1) \| Respond to of 218881

>There would be 100,000 people in China who would buy one tomorrow for NZ at $1 million. There might be that many in India who would outbid them to $2 million.> Why don't you look at the data which already exists? I have already given you the range from $4000 ( mexican immigrant) to $75,000 (chinese immigrant). Here is the another data point for software programmers from India, who come on H1 Visas from India. About half a million have come in the last 20 years. >According to "The Bottom of the Pay Scale: Wages for H-1B Computer Programmers — F.Y. 2004," a report by Programmers Guild board member John Miano, non-U.S. citizens working in the United States on an H-1B visa are paid "significantly less than their American counterparts." How much less? "On average, applications for H-1B workers in computer occupations were for wages $13,000 less than Americans in the same occupation and state."> So the H1 programmer is only willing to forgo $13,000 per year from his market value. He would typically work for 3-5 years on H1 before getting permanent residency. That is about $39,000-$65,000. In the same way, the employer is not willing to pay a million dollar to get the ideal software programmer. In fact he is compromising for just $13,000 year of gain. -Arun