- Trump eyes end to an H-1B system that favors largest outsourcers
The H-1B lottery favors large firms. In the 2015 fiscal year, for instance, the top 10 firms received 38% of all the H-1B visas in computer occupations alone. All these firms, except for Amazon and to a partial extent IBM, are outsourcers. These large companies have the resources to submit enough visa applications to help ensure they receive a bare minimum of approvals.
Instead, the Trump administration is hinting at changes that may end the random lottery distribution and replace it with a merit system. It could distribute visas based on wages or whether a visa holder was educated in the U.S. It could favor non-dependent H-1B companies — a legal definition for firms that have less than 15% of their staff on the visa — over dependent firms, which includes all the all the large offshore firms.
H-1B advocate Sen. Orrin Hatch sets stage for new visa battle
Among Hatch’s proposals are capping the number of visas any single employer can apply for, and requiring employers to attest that they first tried to hire an American worker. He also proposed something called a “shot clock” rule that will revoke a visa if it isn’t used within a certain period of time.
- To pay or not to pay: Too many victims say yes to ransomware
According to the FBI, the collective amount of ransoms paid in all of 2015 in the US was $24 million. In 2016, it had jumped to $209 million in just the first three months – which means if the growth curve continued it would easily have topped $1 billion by the end of the year.
- Preparing Our Economy for the Impact of Automation & AI
- Why Office Perks Are Traps, Not Benefits
Is it any wonder, then, that the “benefits” at so many companies aren’t benefits at all, but ploys to get you to work longer? Dry cleaning and laundry services available on-site? Great — now you can put in a few more hours a week, because your clothes will be cleaned for you. Free pizza for the long hours you put in on that important project on Friday? Fantastic — no lunch break, meaning more work we can extract from you. These so-called perks, in other words, tend to be Trojan Horses. While you’re chewing away on pizza and having your laundry delivered to your office, the company and its leaders are smiling because you are still in your office.
- Why Coworking Isn’t Just a Rented Desk
If you are not creating value for your customers, then stop what you are doing. We create value at Alley by offering massively discounted services for each and every one of our members. Most of our members are emerging startups and they need help, so we created a platform to help them grow. These services have been vetted, and all of the services we offer are from our members. You basically live with them, next door to your accountants or insurance providers. We also have direct links into investor relationships. We partner with firms such as ERA and Techstars to give the companies exposure. This is great deal flow for investment firms and this is wonderful for our members who need to raise money. I am proud to say that since our inception Alley companies have raised over 1 Billion in funding based on our last studies. This year, two of our companies have made it into the elite accelerator, Y Combinator.
Photo: Redd Angelo