I mean, that is how money works in general. People or organizations with more of it can outbid those with less of it.
Do you think American citizens should be allowed to choose to work in the Bay Area and New York if they want to?
One issue is that the scattershot visa applications from body shops crowd out applications from employers who want one specific, highly skilled person.
Or auction the H1Bs to employers. If skilled foreigners accept lower wages because the right to come to the US is worth something to them, then the price of the visa would settle at around the difference in wages. So…
This article seems to suggest that there's lots of small players competing over marginally profitable locations. There's also a negative externality which can lead to these people destroying their whole business: as…
If this business is so lucrative, why isn't organized crime involved? It seems like a field where they have a number of comparative advantages: 1. Good at negotiating with local businesses. 2. Good at motivating…
I think these businesses are impossible to scale because of the trust issue. You can pay someone a decent wage to empty the machines but you lose all your profits. Or you pay them rock bottom to drive around with…
There are a lot of opportunities like this. However, when you look at many of them in detail, they pay very very poorly.
Everything seems to suggest that this has already happened. The reason this works as a 'side hustle' is because it's only lucrative if you ascribe a very low value to your time (and your car mileage, and the stress of…
I mean, that is how money works in general. People or organizations with more of it can outbid those with less of it.
Do you think American citizens should be allowed to choose to work in the Bay Area and New York if they want to?
One issue is that the scattershot visa applications from body shops crowd out applications from employers who want one specific, highly skilled person.
Or auction the H1Bs to employers. If skilled foreigners accept lower wages because the right to come to the US is worth something to them, then the price of the visa would settle at around the difference in wages. So…
This article seems to suggest that there's lots of small players competing over marginally profitable locations. There's also a negative externality which can lead to these people destroying their whole business: as…
If this business is so lucrative, why isn't organized crime involved? It seems like a field where they have a number of comparative advantages: 1. Good at negotiating with local businesses. 2. Good at motivating…
I think these businesses are impossible to scale because of the trust issue. You can pay someone a decent wage to empty the machines but you lose all your profits. Or you pay them rock bottom to drive around with…
There are a lot of opportunities like this. However, when you look at many of them in detail, they pay very very poorly.
Everything seems to suggest that this has already happened. The reason this works as a 'side hustle' is because it's only lucrative if you ascribe a very low value to your time (and your car mileage, and the stress of…