this post was submitted on 19 Feb 2025
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No way we're making chips stateside with the Department of Education on the chopping block.
So many schools will close and you sure as shit ain't training people who can make top of the line chips with no fucking schools.
They plan to import workers with visas and then hold those visas over their heads to force them to work for peanuts.
I mean, they do this small-scale already.
As the standard of living and pay in the USA quickly tanks and becomes less desirable than where they're from, those people will stop applying for those positions.
They can't force foreigners to sign up for H-1B visas. The whole point is the salary is currently and the USA is currently a desirable place to live. Won't stay that way long. They're literally tearing down all the things that made it desirable to begin with.
Why would anyone want to come over here right now? I don’t even want to be here.
A lot of immigrants are paid more highly in the US than they are in their home countries.
The Indian Rupee, for example, has a poor exchange rate with the US dollar and they have higher salaries in the US.
So they take an H-1B job and they make enough to take care of themselves in the US and usually have US dollars they can send home to their family which can be exchanged for large amounts of rupees.
Current exchange is rougly $1 USD to about ₹80 rupees.
This will change as the US economy tanks and people stop using the US dollar as a reserve currency.