andsoitisThe tech jobs bust is real. Don't blame AI (yet)
https://economist.com/finance-and-economics/2026/04/13/the-tech-jobs-bust-is-real-dont-blame-ai-yet
Two big tech FAANG jobs, org is 95% h1b engineers from china/india. Tons of resumes from american grads somehow never hit my desk, continue to interview random candidates from india with some low quality USA masters from missisipi state. Candidate has spent the last year locked in a room memorizing algorithm interview questions
Why are we letting tech companies in the USA do this?
It generates economic activity and taxes in the US and suppresses wages.
Most of the H1 candidates are in shitty roles that are well defined low/moderate skill jobs for giant companies. Hire people whom you can’t actively exploit and those are the kind of jobs where unions can organize.
The alternative is offshoring the work, not hiring Americans.
The smart thing would be to just let people immigrate. Instead we have a weird tiered system with a small number of highly skilled specialists and an army of serfs facing deportation if they piss off the bosses.
Then offshore the work. Americans aren't getting the jobs anyway and the imported labor now competes for things like groceries, gas, housing, etc. which drives up prices.