So H1B has been in the news lately for all the wrong reasons. What do you guys as accountants feel about the H1B?

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It is just a messed up system. US is the only country that determines the future of an international student through a damn lottery instead of their skills. Canada, Australia, New Zealand etc all have a way better system to provide working rights to internationals. I didn't know about this at the time I move here. Otherwise, I would have never come to the US.

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Any international student with a 4-year US college degree should have the opportunity to seek employment here outside of the H1B cap. That way employers have no motivation to lowball international applicants because the applicant could just go to the next highest bidder without having the visa cap restriction. Maybe the tech sector just needs to be analyzed on its own under different standards. I started my career on H1B myself. Pay at EY and PwC was always comparable to my peers and higher than the regional market rate.

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I am on the H1B. Maybe I am biased but I think it is a great way to bring in talent. So sad the program has been abused. Nowadays it is subject to a lottery and many talented people cannot win. Such a pity.

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^ and shareholders who like seeing companies hit earnings targets and increase share price.

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First, business: The demand for incoming talent in US is greater than supply. This means all the "basic" groups get first dibs at recruiting pool and many speciality groups struggle in recruiting. The true answer is wages need to increase. That won't be an overnight fix though - nothing can immediately fix what is essentially a 1.5 year recruiting pipeline and 2-3 year education pipeline. In meantime H1B is important to the profession.

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It's heavily abused to keep wages down in the tech industry. In public accounting h1bs typically fill actual needs created by turnover. So it can work in some cases, but the tech industry abuse had to be addressed.

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And I am trying to get a sense from the Non-IT point of view.

It's been a nifty way for companies to replace older, more expensive workers with younger, cheaper people without triggering those pesky age-discrimination laws. Nice for top management and their bonuses, terrible for everyone else.

Second, personal: I met my wife who is an immigrant. Without the H1B program I would not have married her. I undoubtably recognize the H1B program for bringing me the greatest happiness in my life. So, despite how I feel from a business perspective, I think actual immigration reform is more than necessary. We can't have world class schools or workplaces without acquiring world wide talent. Wages should increase the reflect that.

It's amazing as long as it's not abused.

I am always paid the same or higher than my peers. So H1B abuse is more of a tech industry specific than anything else.

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