Isn't it a HUGE problem that it's not discriminated by cities according to its living costs?
I'm not an expert in macroeconomic policy but I guess it wouldn't be so hard ad doing the discrimination for say the minimum salary, as business owners/shareholders tend to have a better understanding of the concept of the price index than minimum salary earners.
And I'm saying this because tech companies in the Bay Area won't have such a hard time following this rule than startups in cheaper cities.
Which would be a recoil in terms of making all America have knowledge-based industries. Wouldn't it?
As for people taking the H-1B, would this be something better? Or worse?
It is discriminated by city. Prevailing wage for the labour certification is a function of location, position, and level. I am assuming the article is just talking about raising the bottom end of the scale, but can't be sure - it is certainly light on details.
I'm not an expert in macroeconomic policy but I guess it wouldn't be so hard ad doing the discrimination for say the minimum salary, as business owners/shareholders tend to have a better understanding of the concept of the price index than minimum salary earners.
And I'm saying this because tech companies in the Bay Area won't have such a hard time following this rule than startups in cheaper cities.
Which would be a recoil in terms of making all America have knowledge-based industries. Wouldn't it?
As for people taking the H-1B, would this be something better? Or worse?