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Notes -
Honest question - how many of us have to endure the consequences of the rampant abuse so that FAANG can get their Good Ones? What's the break even point at a societal level?
Good question, can you quantify the consequences of rampant abuse?
I have some ideas, but this isn't an exhaustive list. That said, maybe it's a useful starting point.
I'll try to reply to the first point since the other two aren't really quantifiable.
I think currently the new grad situation in tech is predominantly caused by two factors: over-supply due to A LOT of recent CS grads and AI having a disproportionate impact on the lower tier of tech jobs. H-1B has always existed and I've not seen evidence that companies are hiring a lot more than they did several years ago. So new grads are mainly not finding jobs right now due to an over-supply issue and AI rather than competition from H-1B.
However, I'm not saying that just because H-1B's impact on new grads is limited, we shouldn't try make their experience better by fixing it. I recognize this is a problem. As you may notice in my first comment here, I advocated for a sliding tax that specifically targets the lower compensation band that will improve new grad's competitiveness against similarly skilled H-1B applicants.
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