your lipstick on a pig approach will not work here little man...
No cheap labor now
The legislation called the ‘
High-Skilled Integrity and Fairness Act of 2017‘ and introduced by California Congressman Zoe Lofgren, calls for doubling the minimum salary of H-1B visa holders to $130,000, which is more than double the current amount of $60,000, established in 1989. This will pose as a challenge for tech firms to induct workers from abroad.
It will also cancel the lowest-pay categories and raise the salary at which H-1B employer is exempt from non-displacement and recruitment attestation requirements. With regard to startups, the Bill would set aside 20% of the allocated H-1B visas each year for startups and firms that have 50 or less than 50 employees. It would also establish wage requirements for L-1 workers and improve H-1B wage requirements to encourage companies to hire qualified American workers and prevent them from using foreign workers as a source of cheap labor.
If the Bill does go into effect, IT firms in the country that are running their business model on managed services will be hit badly as India will not be an economically viable country for recruitment and off-shore employment. There will be lesser visas for Indians and IT engineers or advance degree holders in the technology segment going to or being sent to the US will become a very costly affair.
http://techseen.com/2017/01/31/h1b-visa-reform-indian-info-tech-crash/
