Dec. 28, 2024 - Freedomain Radio - Stefan Molyneux
04:54
| 
| Time | Text |
|---|---|
| Alright, so for a technical lead, the median pay is $189,000. | |
| However, an H-1B visa pay is not $189,000, it's $95,180. | |
| In other words, it's almost half off, almost half off, 50% reduction. | |
| It's not quite so bad software engineer as For median pay in America, it's $161,000. | |
| It's $129,000 for the H-1B visas. | |
| Java developers. | |
| Java is one step up from beginner-supplied symbolic instruction code, aka basic, aka a language you should give up after the age of 12. Java developers are making $160,000. | |
| If they're American, H-1B pay is 92 and change. | |
| So minus 42.29%. | |
| And on and on it goes. | |
| Even accountants. | |
| It's almost 80k for an accountant who's native. | |
| It's 65k for one who's imported. | |
| Of course, Top students are getting zero job offers. | |
| This guy, TechWorkerUSA, says top students are getting zero job offers. | |
| Meanwhile, H-1B visa applications are being maxed out by tax companies, laying off hundreds of thousands. | |
| Yeah, there have been tech affairs at universities and colleges which have had to be canceled because virtually no hiring people showed up. | |
| So the idea that you're bringing in people that you can pay 20, 30, 40, 50% less and that has no effect on 30, 40, 50% less and that has no effect on wages, that's crazy. | |
| Bye. | |
| Thank you. | |
| So, native-born workers losing out to foreign-born workers, also showing in-group preferences among ethnicities. | |
| Yeah, I mean, that's kind of natural. | |
| Daniel Horowitz writes, over the past year, native-born workers have lost 773,000 jobs on net, while foreign-born workers have gained more than 1 million jobs. | |
| Yep. | |
| The new grad's unemployment rate is showing the degraded value of a college degree. | |
| That's a graphic, right? | |
| So, I mean, this is not brain surgery. | |
| Even Chippendales. Chippendales. Chippendales. Chippendales. | |
| Thank you. | |
| So, yeah, it is. | |
| It's just appalling. | |
| I mean, the whole big question around immigration. | |
| I talk about it more in my novel, The Future, which you can get at freedomain.com. | |
| Slash books, freedomain.com slash books. | |
| It's free. | |
| Pick up my novel, The Future, the lawyer in it. | |
| Thank you, Adam. | |
| Talks about as a whole. | |
| So, it's a mess. | |
| It's a mess. | |
| And this is the kind of program, it's a temporary, nothing's more permanent than a temporary government program, right? | |
| So, if it's, oh my gosh, there's some critical shortage, well, why? | |
| Why do you have a system of education which consistently mismatches between what it produces and what the demands are? | |
| If what the American or Western educational system is producing is massively, catastrophically mismatched with what the market wants, then clearly the educational system is fracked up beyond human comprehension because the entire purpose of the education system is to supply people to necessary and well-paid positions globally. | |
| In the society. | |
| So why doesn't it do that? | |
| Well, my father actually had an interesting way of doing this, and I talked about this on my show many years ago. | |
| So my father, in order to get his doctorate, he was contracted by a company that said, hey man, we'll pay you for you to get your doctorate. | |
| You just have to work for us for a certain amount of time afterwards. | |
| So, people's higher education should be paid for by companies in return for work commitments afterwards. | |
| And that way, there's a perfect match between what the companies want and what people are studying because the companies are paying. | |
| It could be either in-house or maybe they pay you for a formal degree and then you just agree to work with them, for them a certain amount of years afterwards. | |
| And if you want to break out of that, you just have to pay them back for the money they spent on your degree. | |
| It's really not complicated. | |
| The people who are driving the educational... | |
| Allocation of resources and what people are taking and what people are graduating with should be the people who want to hire them afterwards. | |
| Again, it's not super complicated. |
Export Selection