Tao Francis

speaker
103 appearances 4 recordings 1 series first heard Aug 2025 last heard 12 Jun

Tao Francis’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 1.

Appearances

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So startups or smaller companies or companies that for one reason or another need to hold on to cash.
they are sending less money to Uncle Sam when they pay their tax bill.
So in effect, it is cheaper to hire people in the U.S.
than it was a few weeks ago.
These days, almost every company has R&D, even in quote-unquote low-tech industries.
So this could conceivably be a factor for a lot of companies.
Now, tech, of course, is where R&D is arguably most concentrated, along with places like biotech and pharmaceuticals.
For a lot of companies, they're going to hire people when they need to hire people, right?
It's just where are they going to hire them?
Keep in mind, people outside the U.S.
can be a lot cheaper.
The cost of hiring a software engineer in India or China is still dramatically lower than in the U.S., and so that may still make all the difference, and companies may still decide to hire overseas in order to save money on that front.
But in more cases, what this tax incentive means is that
there will be a reason to consider hiring in the U.S.
when they might not have done so before.
My colleague Meg Tanaka, who I wrote the article with, heard that companies and startups in particular were considering hiring in the U.S.
when they were previously thinking about hiring outside the U.S.
or hiring consultants instead of actually taking on employees.
Moreover, economists will tell you that R&D spending in some ways is a better boost to the economy than a lot of other things.
That could be a net positive for the U.S.
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