Bloomberg Discovers Tech Giants Rely on Cheap Labor, Not Innovation
So, the Trump administration pushed for a hefty $100,000 fee on H-1B visas, and a judge said, 'Yep, that stands.' Bloomberg, ever the champion of corporate bottom lines, laments this as a 'setback' for U.S. tech. Funny how 'innovation' often seems to require sourcing talent at significantly lower costs than domestic options, avoiding robust salary offers, and sidestepping the expenses associated
with nurturing a truly home-grown workforce. This isn't a setback for technology; it's a tariff on companies that prefer imported labor over investing fully in American workers. It's almost as if the 'free market' only applies when it's convenient for corporate profits, not when it means paying competitive wages. Perhaps these 'struggling' tech giants, many of whom funnel millions into lobbying
efforts for favorable tax breaks and deregulation, could re-evaluate their definition of a 'setback.' Or maybe they could just pay their highly skilled workers, regardless of where they're from, what they're worth. Imagine that.