It is all due to outsourcing. AI/H1B isn't taking that much job. Unless government put penalties on outsourcing market isn't going to improve.

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bottlepalm 3 hours ago | parent | next [-]

I'm seeing like 80% of software dev applications at my company are H1B/OPT, like thousands of candidates - and they're getting hired just because of the sheer numbers they drown everyone else out. So yes, they are 100% taking jobs. A lot of them. I can't comprehend how there are so many.

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intended 4 hours ago | parent | prev | next [-]

The market is K shaped.

The peope will wealth are doing well, the rest of the market is not.

There are only so many apps and goods that can be made for rich people/small subset of consumers.

I bet you will find that people working on investment ideas and finance tools which focus on wealth accumulation will be hiring.

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itake 8 hours ago | parent | prev [-]

yep. Trump added tariffs on physical goods, but there are no taxes on service imports.

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ivankra 7 hours ago | parent | next [-]

Section 174's 15 years amortization rule on foreign R&D is kind of an indirect tax.

	▲	itake 6 hours ago \| parent [-]
		Overseas labor spend their salary overseas and pay no US taxes. still not the samething.

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brightball 8 hours ago | parent | prev | next [-]

There was talk of it. I believe the H.I.R.E. Act that’s been proposed is supposed to add a 25% fee to outsourcing overseas.

	▲	itake 6 hours ago \| parent [-]
		Probably a step in the right direction. But if you can hire someone abroad for 20% of the cost of an American worker, then instead of replacing one American with five workers, you replace them with four.

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dilyevsky 6 hours ago | parent | prev [-]

Wait until you hear what he did to h1b program!

	▲	itake 6 hours ago \| parent [-]
		The 100k fee on new applicants? drop in the ocean. The h1b people spend (most) of their salary in the USA and pay US income taxes. Whereas overseas labor spend their salary over seas and pay no US taxes.