Cheaper Overseas Labor
This cluster discusses how companies exploit cheaper foreign labor through offshoring, outsourcing, and H-1B visas to cut costs and boost profits, often at the expense of higher-wage domestic (especially US) workers.
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Seems like other countries have cheaper workforce.
Why is it that labor is cheaper elsewhere?
You invest all that just so that big firms hire people from overseas at a lower wage.
They are cheaper. Many people are willing to work for cheaper if that means that a company will file for them to stay in the US. Companies exploit this.
The problem was never the cost of labor. US tech is already highly profitable and they can pay the full salary if they wish to. But their desire is basically to get a free card to pay lower salaries by any means, so they can send more of those profits to shareholders. The US is essentially a fighting arena between shareholders and workers. The profit is there, it is just a matter of how business want to keep always more of the spoils to themselves.
What is unfair about lower labor costs?
Only if they stop making it cheaper to hire from offshore
It’s still cheaper than hiring American workers
Why not hire even cheaper, outside of America?
Or they are switching to cheaper labor overseas.