Should US companies be able to fire/layoff US citizens to hire a cheaper employee through H-1B visa ?

[Bofferbrauer2]

NightlyPoe said:

Bofferbrauer2 said:

An electrician makes about 5000€ a month by now due to the shortages even though 10 years ago he would only have been around 2000-2500€. If that's not fast enough I don't know what will. There are jobs with University degree requirement that pay much less than that.

Obviously more than 5000€ a month currently.  Is it surprising that university degree requiring jobs make less than technical jobs sometimes?  Why would it?  University degrees grow on trees.

You get people to think that technical jobs pay as much or more than university jobs, and people will gravitate towards those fields.  In time the market will saturate, and the wages will fall.  That's just how it works.

@bolded: Name me one company who could even afford such a ridiculous wage. If they needed that much then we wouldn't be having electronics anymore as every company would go out of their way to do without as much as possible

Do I have to explain the concept of a reductio ad absurdum at this time of night?

@bolded: No need, but you posted that with a straight face as if you didn't mean that sarcastically. I was hoping you mean is like that, but wasn't sure.

It's not as surprising to me, but guess why so many want a degree like that? Because the belief is that jobs which open up with an University degree pay better than manual works, and they did so for ages - because only a select few managed to get such a degree. But like you said, University and College degrees got devaluated so much and so many got them by now that there are too many with such a diploma at hand but not enough jobs who need them. On the other side the manual jobs which got defected over the years now pay better and better, but it's still common knowledge that you need a college/University degree to get a good job. Si until that mentality changes the wages in manual jobs will continue to rise, at worst until steched beyond their economic feasibility at which point the companies would look for potential alternatives that wouldn't need those specialized workers anymore.