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The topic of the week, H-1B visas are
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being overhauled. The Trump
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administration announced a new $100,000
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fee for all future H1B applications.
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It's a onetime fee. This is a huge jump.
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The current fee is nothing. It's like 2
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to 5K. Every discussion I've ever had
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about H-1Bs in relation to IT and
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consulting has always been about saving
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money. It's a giant scam on the bottom
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half of these. I witnessed it firsthand.
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When I was in IT in the early 90s, the
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abuse was happening all the time and it
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was indentured servitude. It was
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disgraceful. The IT people would hire
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typically Indians and they would say
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stuff to the effect of these guys are
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going to work for half as much and twice
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as long and they can't say no. That's
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the best part of it. They can't say no
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when we put them on weekend coverage
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because we can kick them out of the
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country and they have 30 days to find a
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new job. And the truth is it's been
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abused. And I talked about this in 2015
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on CNBC when Trump first started to talk
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about it. He's been on this for a while.
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This hits on a lot of the Trump campaign
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promises. Tougher on immigration,
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looking out for US workers. They had an
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interesting poly market. Will courts
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block Trump's 100k H1B by September
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30th. 3% chance of that happening. So,
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it looks like everybody's kind of
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aligned with this
