Vivek Ramaswamy
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Podcast Appearances
I care about this country too much to just ignore that question because that might be politically convenient. And by the way, the H-1B system... I hate doing this because it's so lame and sort of just repeating yourself. I've said it like 150 times in the last year. It is a broken system.
No, it's not flawed. It is badly broken. I mean, why, why? Because there's all kinds of things that are messed up about it. Quickly describe what it is in case people aren't familiar. It's a worker visa program that allows, it's about 85,000 grand a year where companies can get a foreign worker in a specific role of a specific skill set often used by technology companies.
No, it's not flawed. It is badly broken. I mean, why, why? Because there's all kinds of things that are messed up about it. Quickly describe what it is in case people aren't familiar. It's a worker visa program that allows, it's about 85,000 grand a year where companies can get a foreign worker in a specific role of a specific skill set often used by technology companies.
No, it's not flawed. It is badly broken. I mean, why, why? Because there's all kinds of things that are messed up about it. Quickly describe what it is in case people aren't familiar. It's a worker visa program that allows, it's about 85,000 grand a year where companies can get a foreign worker in a specific role of a specific skill set often used by technology companies.
And when you say foreign, you mean Indian? India is the number one country that uses it. We got an H-1B here, don't we? I think you got China. You got other countries as well. Okay. I mean, you might. There's about 85,000. But here's the deal with it. First of all, it's distributed by lottery. So my view is that colleges, they pick the very best, at least they think for their university.
And when you say foreign, you mean Indian? India is the number one country that uses it. We got an H-1B here, don't we? I think you got China. You got other countries as well. Okay. I mean, you might. There's about 85,000. But here's the deal with it. First of all, it's distributed by lottery. So my view is that colleges, they pick the very best, at least they think for their university.
And when you say foreign, you mean Indian? India is the number one country that uses it. We got an H-1B here, don't we? I think you got China. You got other countries as well. Okay. I mean, you might. There's about 85,000. But here's the deal with it. First of all, it's distributed by lottery. So my view is that colleges, they pick the very best, at least they think for their university.
What I'm individually picking, it's a lottery. That's number one. Number two is if you work for a particular company with an H-1B, here's the big problem. You are like an indentured servant to that company because another company can't hire you. So the market's not really working. So I have for a long time. And you get underpaid, overworked.
What I'm individually picking, it's a lottery. That's number one. Number two is if you work for a particular company with an H-1B, here's the big problem. You are like an indentured servant to that company because another company can't hire you. So the market's not really working. So I have for a long time. And you get underpaid, overworked.
What I'm individually picking, it's a lottery. That's number one. Number two is if you work for a particular company with an H-1B, here's the big problem. You are like an indentured servant to that company because another company can't hire you. So the market's not really working. So I have for a long time. And you get underpaid, overworked.
And then also you could argue that that compresses American wages because that person can't be hired away. So the company has them under a barrel to pay them less. There are rules to prevent that. But then companies may be abusing and sidestepping those rules. And you're afraid to report it. So it is not only a broken system. It is a deeply flawed system in its application. And I've said this.
And then also you could argue that that compresses American wages because that person can't be hired away. So the company has them under a barrel to pay them less. There are rules to prevent that. But then companies may be abusing and sidestepping those rules. And you're afraid to report it. So it is not only a broken system. It is a deeply flawed system in its application. And I've said this.
And then also you could argue that that compresses American wages because that person can't be hired away. So the company has them under a barrel to pay them less. There are rules to prevent that. But then companies may be abusing and sidestepping those rules. And you're afraid to report it. So it is not only a broken system. It is a deeply flawed system in its application. And I've said this.
100 times, maybe 150 times in the last year. But assume we fix all of that. And by the way, I've got some out-of-the-box ideas for how to fix this. I'd say auction them off, actually. Make the companies pay for it. Get back to that. And by the way, use that money. If you auction them off, right?
100 times, maybe 150 times in the last year. But assume we fix all of that. And by the way, I've got some out-of-the-box ideas for how to fix this. I'd say auction them off, actually. Make the companies pay for it. Get back to that. And by the way, use that money. If you auction them off, right?
100 times, maybe 150 times in the last year. But assume we fix all of that. And by the way, I've got some out-of-the-box ideas for how to fix this. I'd say auction them off, actually. Make the companies pay for it. Get back to that. And by the way, use that money. If you auction them off, right?
This guy can joke around like, I'm going to be as loose as I can be too. But the point is they can pay for it. Make them sell the flesh.
This guy can joke around like, I'm going to be as loose as I can be too. But the point is they can pay for it. Make them sell the flesh.
This guy can joke around like, I'm going to be as loose as I can be too. But the point is they can pay for it. Make them sell the flesh.
And pay that shit to the United States of America. Pay to America, right? So you want to make America great? We got a Social Security gap. Yeah. Close the Social Security gap by saying that if a company wants to hire somebody with the equivalent of a new H-1B system, make them actually pay. So there's a higher barrier to hire that foreign-born worker.