So, if I understand correctly, your view we should continue pretend the H1-B is something called a "genius visa" and the best bet for prosperity is not for current citizens to have well-paying jobs but to increasingly import people from other nations and pay them less?

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inglor_cz 3 days ago | parent [-]

The US population is 4 per cent of the entire world's, which means that the vast majority of talented humans is born abroad.

If you can snatch them, they will build SpaceX or Google for you. If not, well, they will do so either elsewhere, or not at all. (South Africa does not seem to be a good place to start business, and neither is Russia.)

Can you gain prosperity by employing three mediocre people instead of one talented one? Maybe, but you won't get a new vibrant sector like Silicon Valley this way.

Europe, where I live, is a lot more gung-ho on mediocrity and forced equality, and we seem to be the ones with clearly stagnating living standards, not you.

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harimau777 3 days ago | parent | next [-]

> If you can snatch them, they will build SpaceX or Google for you.

Sure, but the vast majority of the wealth of building SpaceX and Google doesn't go to me. It goes to people like Musk and Larry Page.

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ertian 3 days ago | parent | next [-]

So you'd be better-off if SpaceX and Google were Chinese companies?

Also, a lot of the wealth from the tech industry does spill over to the larger community. You're strictly better off having it. If the US had just stuck with their 1970s economy on the theory that any new industries wouldn't distribute their benefits equally, it would be vastly smaller, less powerful and less wealthy. Surely that's obvious?

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confidantlake 3 days ago | parent [-]

Ah the famous trickle down rebranded as "spill over".

	▲	ertian 2 days ago \| parent [-]
		"Trickle-down" has become a thought-terminating cliche. Of course your country is better off if you have successful companies and high-income jobs.

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inglor_cz 3 days ago | parent | prev [-]

Ceteris paribus it is better to live in a country which can generate lots of technological progress than in a country that cannot.

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peterfirefly 3 days ago | parent | prev [-]

[flagged]

	▲	inglor_cz 3 days ago \| parent \| next [-]
		I don't think that human talent is completely homogeneous, there are certainly places where there is more of it than elsewhere. That said, I think you underestimate many places. For example, Iran is one of the most ancient civilizations out there, and the Persian diaspora in the US is pretty productive, even though the country proper is a retrograde tyranny with very bad economy.
	▲	Peritract 3 days ago \| parent \| prev [-]
		> The vast majority of human populations have close to no talents. Your best bets are Euros, East Asians, and upper caste Greater Indians. This is both wildly inaccurate and wildly racist.