Based on my long held and 100% accurate belief that the Fed knows nothing… Powell becoming hawkish and saying their mandates are balanced likely means the labor market is about to crack:

it's pretty clear at this point that AI is enabling more builders. the TAM is rapidly expanding for all developer tools

Now that H-1B has become a topic of discussion, here’s my story: Born in Appalachia, went to a top-tier university, interned in wealth management and trading, recruited for all the top investment banks and research firms, only offer I received was to cold call South American high-net-worth-individuals on a commission-based salary, 10k base. Could not afford to take the job because cost of living in NYC was too high. All my foreign-born friends and classmates got the jobs I dreamed of and worked my whole life for. They weren’t more skilled than me, in fact, most were less skilled. 6 months after graduation, I took a 15$/hr job at a geopolitical analysis startup. I received effectively zero equity (thanks Silicon Valley). Worked the night shift for 60k/yr. Slept on the floor of that office many nights. Lost money for 3 straight years. After 5 years, I was the most tenured employee at the company other than the founders. Finally got up to 80k/yr, then was fired within a year of relocating for them across the country. Many of my foreign-born classmates were extremely successful investment bankers and financial professionals by this point. Jumping from JPMorgan to Facebook to private equity etc. Once again, I applied everywhere, including Palantir and government agencies that I was extremely qualified for. Didn’t get a single interview anywhere, not even low level data analyst positions. Here’s the point: The very people telling you that we need H-1B are the same exact people who wouldn’t even give me an interview despite having impeccable qualifications. At that point, I was completely on my own. Bought Bitcoin and crypto with my severance, and after a few years of struggling, trained myself to become a successful derivative trader and investor. BTC: $3k, ETH: $150, PLTR: $6, RKLB: $5, TSLA: $180, NVDA: $10 No American institution ever helped me. They stole my family’s wealth and took advantage of me. We don’t need an H-1B program. We need to believe in and invest in Americans. The American system, as it currently exists, is a complete scam that exploits the American people more than anyone else. I don’t believe in victimhood culture, it’s utterly disgusting, but as an American, without ethnic connections to capitalize on, YOU ARE ON YOUR OWN. The quicker you accept this, the better off you’ll be.