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H1Bs now require a $100k payment per year (I believe, seeing some remarks saying it might be per visa) to the government due to Donald Trump executive order, plus if you are currently overseas and hold a H1B you need to pay $100k effective immediately on your next entry into the USA if you are not within the country by the 20th of September.
As a foreign non-Lawyer I don't know how effective this is going to be/liable to be immediately derailed in the courts, but I do think it's a positive step towards ensuring skilled immigration is used for the genuinely effective instead of ye olde 'I can import a foreigner who I have more power over at a 10% discount rate to domestic workers'. I'm also deeply skeptical of the 'productivity' of the vast majority of tech H1B hires and wish them the best of luck in attempting to offshore the competencies required to make AI-powered Grindr for Daily Fantasy Sports
This is an annual $100k fee, it's basically telling H-1B applicants they aren't welcome in the US as nobody is going to pay that much extra. Plus it's going to destroy the US international student college market as outside the very top schools a big part of the draw is a chance to work and stay in the US after graduation and nobody outside of Citadel etc. will pay $100k per year in fees for a new grad.
Good boon for the UK/Canada though as it means that instead of American companies hiring in the US they'll instead offshore the jobs and hire here instead. The country can generally do with some of the over inflated US salaries coming over here too.
I feel the US will regret this 10 years down the line, much like how they are now regretting limiting Nvidia sales to China forcing them to build their own homegrown system.
What? This is not happening unless there is very new news. China's home grown system is still much worse.
FT article this week: https://www.ft.com/content/8fd79522-e34f-4633-bc87-ef0aae2d9159
Archive link: https://archive.is/UKulo
Yes, they continue to try and play catch up, what I'm definitely not seeing is the regret for making them do that rather than just giving them the more powerful chips. Lack of access to nvidia chips is demonstrably slowing down their AI progress.
What is the end goal here? Or any goal?
OK, you're slowing them down alright. They will not have as capable models, as quickly or cheaply, in the next 4-6 years. Then what? Is this just banking on an AGI superweapon to make economic dimension irrelevant, or on the windfall from economic growth this is supposed to beget? Huawei is superior in networking equipment, China has an overabundance of energy and skilled labor, if they scale up production of even past-generation compute chips (and mainly HBM), they will have a fully adequate and incompatible domestic ecosystem and Nvidia and others will never reenter their market, and American slice of it will be that much smaller.
In the pessimistic view you seem to hold, maybe the horse will sing. In the optimistic view, then nothing and China never catches up to the western SOTA.
Let's turn the question around. We let American companies sell chips to America's geopolitical rival for less than 4-6 years until, apparently, indigenous Chinese capabilities match American capabilities, at which point China tells Nvidia to GTFO. We benefited our rival for... What? A few quarters of sales for a couple of firms?
Your inclination towards China makes it hard to take seriously your opinion on how America should conduct itself with China.
Do you realize that the entire windfall from Trump's tariff nonsense would be an order of magnitude less than those quarters, even as it destroys similar value (hundreds of billions)?
It seems Americans aren't happy with this whole concept of trade anymore. If they buy foreign stuff, that's bad because they're losing dollars, gotta reindustrialize and implement tariffs. If they're selling stuff to foreigners who aren't completely inept and subjugated, that's also bad, because then those foreigners may develop and get richer, and for an American, the world is zero-sum, so the only Deals Americans are now willing to make are that which make the other party poorer, like the humiliation rituals you subject "NATO allies" to. Trump's rhetoric around coercing South Koreans and others to "invest" (he apparently understands FDI in very childish terms, "they give us moneys because they're our bitches") completes the picture.
Yes, I admit this makes me even more sympathetic to China.
Yes? You'll never catch me defending the tariff retardation.
The world is positive sum. Abetting your enemies, however, is likely negative sum. At any rate, it's negative for you.
Yes, this is also retarded. Two retards don't make a right.
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