Is it financially better to hire two people? Even if you are well suited for the position, understand the tasks you will be given, and have an understanding of that company's culture there will be some time spent in "training" And that is lost time as you aren't producing anything. Not to even touch on that these "immigrants" he is talking about have fake degrees and do everything through a script, basically robots.
He, Vivek, and Elon, obviously know how to run a business, and I don't, so what I am missing here?
Only someone who is long removed from or has never worked at all near the bottom thinks "more people = better production."
Someone making X$ an hour is likely somewhat qualified and can take on the extra responsibilities of such a wage, including being a singular point through which all their work passes. They are making okay money, so they will be less likely to leave.
Two people make X/2$ are the bottom of any barrel being scraped and can replace this job any day if they get too annoyed. The responsibilities are spread thinner, as is any gained experience, on a likely fickle and underqualified employee.
Basically, it only works if you are looking a graph or spreadsheet to operate your company. Once you hit the floor you easily see the problems it creates.
I know a workplace that cycles through its entire HR department more than once a year. At one point, everyone had their own emails, but now the turnover is so high that they just don't bother. And the reason is simple: HR requires a degree and a certification. And they pay them probably only 50-66% what they should, so when any internal job posting is posted, they nominate themselves, interview themselves, and transfer themselves out to the better position... Which includes front-line workers, because with tips they're vastly out-earning the degree-and-cert HR professionals.
The company will inevitably claim they can't fill the roles, and need foreign workers... Because no one wants to work for 1.25x minimum wage for a job that requires a degree AND a secondary certification. They have done so, in fact... But of course those people ALSO can see the pay rates, and just transfer out, too. Leading to needing even more, in a snowballing feedback loop. Could have had just one worker, but out of the need to have two half-price ones, they're hiring 20-30.
Two people make X/2$ are the bottom of any barrel being scraped and can replace this job any day if they get too annoyed.
If the employees were citizens or even illegals, then sure. H-1Bs can't leave, which is why corpos love it. Either they tolerate the low pay and extra responsibilities, or they get fired, lose their visa sponsorship and get deported.
It depends on corporate goals, how you get bonuses, etc.
Lets say your goal is to get to x% diversity to get a bonus. Ignoring how illegal this is, hiring 2 pajeet is better than hiring 1 white dude who would actually do the work. Upper management usually cycles out in a year or two, so they don't care about long term.
The other thing is it allows you cut 1 person in a year and say "look how much we're saving this year in headcount and overhead".
Is it financially better to hire two people? Even if you are well suited for the position, understand the tasks you will be given, and have an understanding of that company's culture there will be some time spent in "training" And that is lost time as you aren't producing anything. Not to even touch on that these "immigrants" he is talking about have fake degrees and do everything through a script, basically robots.
He, Vivek, and Elon, obviously know how to run a business, and I don't, so what I am missing here?
Only someone who is long removed from or has never worked at all near the bottom thinks "more people = better production."
Someone making X$ an hour is likely somewhat qualified and can take on the extra responsibilities of such a wage, including being a singular point through which all their work passes. They are making okay money, so they will be less likely to leave.
Two people make X/2$ are the bottom of any barrel being scraped and can replace this job any day if they get too annoyed. The responsibilities are spread thinner, as is any gained experience, on a likely fickle and underqualified employee.
Basically, it only works if you are looking a graph or spreadsheet to operate your company. Once you hit the floor you easily see the problems it creates.
I know a workplace that cycles through its entire HR department more than once a year. At one point, everyone had their own emails, but now the turnover is so high that they just don't bother. And the reason is simple: HR requires a degree and a certification. And they pay them probably only 50-66% what they should, so when any internal job posting is posted, they nominate themselves, interview themselves, and transfer themselves out to the better position... Which includes front-line workers, because with tips they're vastly out-earning the degree-and-cert HR professionals.
The company will inevitably claim they can't fill the roles, and need foreign workers... Because no one wants to work for 1.25x minimum wage for a job that requires a degree AND a secondary certification. They have done so, in fact... But of course those people ALSO can see the pay rates, and just transfer out, too. Leading to needing even more, in a snowballing feedback loop. Could have had just one worker, but out of the need to have two half-price ones, they're hiring 20-30.
If the employees were citizens or even illegals, then sure. H-1Bs can't leave, which is why corpos love it. Either they tolerate the low pay and extra responsibilities, or they get fired, lose their visa sponsorship and get deported.
Ah, fair. But given this is America, I doubt they actually follow those rules and don't just get shuffled around.
It depends on corporate goals, how you get bonuses, etc.
Lets say your goal is to get to x% diversity to get a bonus. Ignoring how illegal this is, hiring 2 pajeet is better than hiring 1 white dude who would actually do the work. Upper management usually cycles out in a year or two, so they don't care about long term.
The other thing is it allows you cut 1 person in a year and say "look how much we're saving this year in headcount and overhead".