October 10, 2025 • 36 mins
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Justin Keltner (00:36):
Trump's new a hundred thousand dollars fee for
H one B Visa applicants.
Is supposed to give Americansmore jobs.
It's supposed to bring back thework to the us.
That's what they're saying.
Anyway, in this video, we'regonna talk about why.
The reality is that might notactually be the case, and we're
(00:58):
gonna show you some of theeconomic problems that this bill
is actually going to introduce,both in the US and all around
the world.
Amanda Abella (01:09):
Welcome to Entrepreneur Expat.
This is Justin.
I'm Amanda, and on this channelwe talk all about doing business
internationally.
How to diversify yourself oryour assets globally.
How to make money from anywherein the world and so much more.
So if that's something thatyou're interested in, make sure
to subscribe and hit thenotification bell.
So you don't want me to saysingle video we have coming out
(01:29):
on this channel.
So you can see we finally gotour set set up.
So.
We are on a roll with bringingyou content every single week.
We've got emails, we've gotmessages, we've got Instagram
dms coming in every single day.
We're trying to do our best toanswer all of them.
So you're definitely gonna wannamake sure to subscribe and hit
that notification bell.
(01:50):
And for those of you who haveover a million in liquid assets
or more, we can help yourelocate to another country.
We can help you find investmentopportunities in other
countries.
For example, we're in Mexicoright now, which is.
Booming and all you need to dois apply to work with ESCO to
entrepreneur expat.com/consult.
And if you don't have a milliondollars in net worth yet, do not
(02:11):
worry.
We have a bunch of resources foryou as well, which you can find
in the description below.
It'll help you with anythingfrom relocating yourself and
finding the best countries foryou to making enough money
online to be able to be approvedfor visas all over the world.
Speaker (02:30):
All right.
Well, for those of you thatmaybe haven't heard the news or
haven't been following the newstoo much, believe me, we try not
to get too involved in US newsand politics and everything else
just for our own sanity, buteverybody, everybody, everybody.
Amanda, is talking about this Hone B Visa bill that just
passed.
Employers are gonna need to paya hundred thousand dollars for
(02:51):
every single new applicant thatthey have.
If you don't know too much aboutthe H one B Visa, essentially
what it does is it allowsUS-based companies to hire
foreigners.
A lot of the time they're fromcountries like India that have a
lot of very sophisticated, uh,tech knowledge and things like
that, and they'll hire thoseworkers.
They'll come to the us.
(03:12):
The company will sponsor theirvisa.
So there was a.
Relatively small in pre-bill,new bill times a fee that the
employer would have to pay inorder to be able to sponsor that
new employee's visa.
And then that employee wouldcome from India or China or
Pakistan or wherever else to theUS to live in the us and that
(03:35):
was that.
Now what's, what's kind ofchanged now as of this bill?
Speaker 2 (03:38):
So from my understanding, the bill was
being presented as, you know,Trump's kind of America first.
Kind of battle cry.
It sounds
Speaker (03:46):
really good, right?
Yeah, it sounds really good.
We're gonna bring the jobs back.
We're focusing on Americans.
Let's, let's bring back thewhite collar work to the us.
Speaker 2 (03:55):
The problem is that that's not exactly that simple
in terms of how it's going towork out.
It's definitely going to have aneffect on the US economy and
Donald Trump, and not justDonald Trump, but whoever's
running the US government.
All of them seem to keepforgetting that the world has
changed in some really majorways.
So I think America first, likeyou said, it sounds really great
(04:16):
on paper, but when you take intoaccount the fact that we're in a
multipolar world, China isnipping at the US' feet when it
comes to technology.
Uh, companies in the UnitedStates are gonna find a way to
circumvent this visa anyway.
Of course, it, it probably isnot what the American people,
uh, might be expecting, andthat's kind of what we wanted to
(04:38):
cover.
In this episode today becausesince we follow what goes on in
different countries and wefollow economies in different
countries and we just see thingsand how they're shifting and
moving all around the world andchanging, we thought it was
important to, to talk about itand then bring it up.
Speaker (04:52):
Absolutely, and, and I'll preface what we're about to
go into with the fact that like,this is not just our opinion or.
Something that we looked upright before making this video.
We've been seeing the trendsactively happen here in Mexico
with outsourcing and, andnearshoring and things like
that, and we're gonna talk alittle bit about how that's
going to occur even more andmore.
(05:12):
So as an example, we lived forabout three years in
Guadalajara, Mexico, which isabout an hour and a half from
where we currently are in theLake Al area.
We got a cool lake view.
Behind us.
It's, it's a little bit morecalm here than in Guadalajara
where kind of left the hustleand bustle of the city.
But when we were in the city, wesaw a lot of international
people, people coming in fromeverywhere, and especially
(05:32):
India.
So companies, both Mexican andalso foreign companies will be
hiring these Indian workers.
We'd see them everywhere.
I mean, I.
I, I bought things off, anIndian couple on Facebook
marketplace and you see'em at,there's a lot of Indian
restaurants now that are, uh,popping up all around
Guadalajara, including ourneighborhood,
Speaker 2 (05:50):
one of one of the immigration attorneys we work
with for ourselves and also forour clients.
Had mentioned to me, Hey, someof the visas that we're like,
that they're processing the mostis actually from India.
So what does this mean?
What is actually going on?
I think the first thing thatcomes to mind is like, these
jobs are not going to go toAmericans.
You just did a video on howcompanies can actually
(06:11):
circumvent the whole visa by,for example, either hiring
people remotely or for example,like nearshoring for tech jobs.
Absolutely.
So, so they can hire people andbring them to Mexico, which is
seems to be part of what, whywould you wanna pay
Justin Keltner (06:24):
double or triple the salary of somebody, or at
least, I mean, double digitpercent more just to be able to
keep pace with the cost ofliving in the us.
Then on top of it, pay all the,all the different government
fees.
Deal with all the red tape inthe us.
In some cases there, there werevisas, H one B Visas, even
before this new bill that wereprocessing for years, literally
(06:46):
multiple years before theyfinally had somebody that's a
new employee approved to comeinto that company and get their
visa in the us.
Speaker 3 (06:54):
Yeah,
Speaker (06:54):
you can't run a business like that.
There's too muchunpredictability as a business
owner.
I mean, we've both been businessowners for decades,
independently.
And you can't run a businesswhere the government is
constantly giving you all ofthis red tape.
It just does not work.
Speaker 2 (07:09):
Yeah.
And I think, um, one of thethings I wanted to ask you,
because you spent some time intech, you've also managed, um,
you know, developers and techcompanies from multiple
countries at one point.
You know, I think one of thethings, or, or one of the
arguments against this policywith the H one B Visa is that
the talent that is needed.
For this type of work just doesnot exist in the United States,
(07:31):
or it's too expensive for thecompany.
So I'd like to hear your opinionon that since you spent some
time in that space.
Speaker (07:38):
It's a little of both really.
So what we've seen is that whenyou look at the programs like
the ones that were, uh,spearheaded by Bill Gates and
Microsoft, they were, instead oftraining Americans, you know,
when, when we were building theinternet and when, when
computers were, were reallycoming into play in in the last.
A couple decades here and nowgetting into more advanced
(07:58):
technologies like ai, a lot ofthe training has been done
overseas because companiesthought that they could just
outsource those jobs and hirereally cheap talent overseas
instead of really training theircitizenry, right?
Like their own, their own peopleon those skills.
And it's kind of this whole likepenny wise and pound foolish
thing.
You're gonna make an investmentin all those other countries, a
(08:20):
substantial investment.
Because you want to save moneyin the short term, but in the
long term, it's causing a lackof education in a lot of those
areas.
In the US now, there's tons ofgreat, uh, engineers and
developers and, and all sorts ofthings in the United States, but
there's a number one, there's adifferent cultural mindset, like
how we re Americansunfortunately relate to work.
(08:42):
When you compare an Americanemployee with an Indian
employee.
I have to say it like the Indianemployee tends to work harder
and put in more effort and putin more time.
Americans are becoming fuckingentitled, right?
They don't wanna work.
They don't wanna work hard.
They don't have the same kindsof values.
They like to just.
Spend money on things like thatdon't really matter.
(09:03):
The Indians that I knew when Iwas in the Bay Area growing up,
I mean, they, they wouldconstantly save money.
They, they would be saving moneyfor their kids' education.
They'd be sending money backhome.
They were very smart about theirfinances and they were not
entitled.
They came here, they, theyworked, uh, they came to the us.
They worked really, really hard,like a lot of the.
The Latinos that are in theUnited States that immigrated
(09:23):
there legally as well, right?
I mean, either way, but, butlike they're extremely hard
workers and the US has lost alot of that culture.
They're lacking a lot of thattraining in engineering that you
have in places like China.
Did you know that?
So now even if you look at likeprimary school, right?
Like, uh, like K through 12 andall that, we're still messing
(09:44):
around fighting about bullshitlike common core math, which
does not work.
We're in the United States.
We're tea.
Yeah.
In the US we're teaching, uh, inthe US we're teaching identity
politics.
We're basically touting thingslike transgenderism to children,
and we're not focusing on likethe basics.
What do they need to know inChina?
They're not doing any of thatshit.
(10:04):
Do you know what they'reteaching in China now?
By the time you're five, sixyears old, you're starting to
get an education in China aboutai.
It's mandatory in all Chineseschools now where we're messing
around with a bunch of BS atbest.
At worst, it's like the identitypolitics, the stuff that has
nothing to do with school.
That's people shoving theirpolitical agenda down children's
throats, and that's, that'sawful.
(10:24):
Then best case scenario, whatyou have is you have these
concepts that are alltheoretical.
Like when I, I took a coupleyears of community college and
I, I took many classes arounddevelopment and things like
that, even though I'd beenstudying that on my own for
years before.
None of this stuff is relevant.
I mean, they, they have a hardtime even putting things in
(10:45):
these classes that you still useat all in the workplace anymore.
People are coming outta school.
They're completely uneducated.
They know a ton about, uh,political science allegedly,
which they actually don't'causethey're just getting
brainwashed.
But the idea is, okay, they'vegot this poli sci background.
They know about history, theyknow about liberal arts.
No offense.
(11:06):
I know you have a liberal artsdegree.
Hey,
Speaker 2 (11:08):
liberal arts does help the business.
Okay.
It does.
You just have to know how towork it.
But most, to your point, mostpeople who get liberal arts
degrees don't know how to workit.
Yeah.
Speaker (11:17):
But even when you look at some of the engineering
programs, even some of the, thetop engineering programs.
They don't focus on very much ofwhat actually is relevant in the
workplace today.
Versus places like China, placeslike India, they're, they're
teaching ai, they're teachingthings that are super relevant.
So you have lack of trainingthat's embedded into the system.
I mean, the US ranks not numberone, not number two, like maybe,
I think it's in the top 30 or 40in terms of education systems in
(11:40):
the world.
When it's one of the richestcountries, it doesn't make any
sense.
Speaker 3 (11:43):
Right.
Speaker (11:44):
How bad the education in the US is compared to other
countries.
So you've got lack of education,lack of specialized knowledge,
the specialized trainingprograms that have been applied
to all these other countriesinstead of ours because of large
corporations like Microsoft thatwere trying to outsource all
that in the, in the nineties andthe early two thousands.
And then you have culture, andthen on top of that, the
Americans want to get a lot moremoney.
(12:05):
Understandably so.
'cause they wanna live to acertain standard of living that
they're accustomed to.
So you're paying a hundred andtwenty, a hundred thirty, a
hundred fifty,$160,000 for adecent developer.
Now if you're in the Bay Area orAustin or New York.
So why would you do that whenyou could pay somebody 30 or
$40,000 less to actually come toAmerica?
But now with this bill, what'shappening is you gotta pay that
(12:26):
large salary still.
You gotta, you gotta make surethat they're, they're able to.
To adjust to the US and pay fortheir living expenses there,
even if the Indians and theChinese and other people that
are coming are willing tosacrifice a little bit of that
quality of life to come toAmerica.
But now you've got that entire,uh, a hundred thousand dollars
basically fee on top of that,which is gonna discourage a lot
of companies.
(12:47):
And more importantly, a lot ofthese foreigners are not really
wanting to come to the USanymore anyway.
So what that's doing is you'renot just affecting the
corporations.
Well, look,
Speaker 2 (12:57):
Canada, Canada has a lot of, uh, people from India
who are tech workers, and it'sall over Instagram.
How many of them are starting togo back?
Speaker (13:03):
Mm-hmm.
To India?
That's very common.
Yeah.
Or other
Speaker 2 (13:05):
people from Asia who are starting to leave Canada.
I know we're talking about theUnited States, but it happens to
be that this has been happeningin Canada, that they're starting
to go back to Asia.
They're like, this doesn't makeany sense anymore.
Because it doesn't, because inthose countries, um, to your
point, I, I see this going in somany different directions.
So let me, let me try and honeit in so I don't go on tangents,
but I guess I hear this and Ihear this Visa bill, and I'm
(13:28):
like, does the, it it, to me, itsounds like the United States
still thinking like it's the topdog.
It's number one of everything inthe world of the we are the
greatest.
Of course, number one, of coursethey're gonna hire Americans.
'cause Americans are number one.
Or of course people from othercountries are gonna wanna come
to the United States for thesejobs because we're number one
and the companies are just gonnahave to deal with it.
(13:49):
Is that, do you think that'skind of like the mentality.
Absolute.
Speaker (13:51):
That's absolutely the mentality.
Yeah.
And, and I don't, I'm notinvolved in like politics in the
us I don't, I don't have insiderinformation here.
Right.
I mean, this is from myresearch, this is from my
experience and also from whatI've seen in places like Mexico
with people getting hired herefrom all over the world.
But what I do know is that this,this idea that we're like now
(14:13):
still the dominant superpowerand there's nobody else out
there, uh, I think it's using.
Second grade macroeconomictheory on the behalf of the
administration and the, and thegovernment to try to bring forth
policies.
I, I don't know if, if this is,if this is just incompetence, I
don't know if it's ego that,that, uh, is, is just not guided
(14:36):
by like actual truth or if it'ssomething a lot reality of
what's reality or if it'ssomething a lot more sinister, I
couldn't tell you.
Right.
I'm not here to.
To, to make opinions about,about that because I don't know.
But what I do know is we're in amultipolar universe.
A multipolar Well,
Speaker 2 (14:51):
that's another conversation.
That's another
Speaker (14:53):
conversation.
But we're in a multipolar world,right?
We're, we're in a multipolarearth here.
And so you, you don't just havethe United States being the
superpower like it was before.
China's got a booming economyand a strong military.
India's growing.
All these other countries aregrowing.
Mexico's economy is growing.
It's got one of the fastestgrowing middle classes right now
(15:14):
in the world.
So it, it's not just this likeone trick pony where the United
States can just bully everybodyinto submission anymore.
It's not that simple.
Speaker 2 (15:23):
So is the idea of like, okay, we're gonna put this
fee on the Visa, and I guesswe're just like waxing poetic
and, and making assumptionshere.
If the damage was done right.
'cause a lot of people aresaying, oh, well those jobs
never should have gone overseas.
The training never should havegone overseas.
Okay.
But they did it.
Speaker (15:40):
Yeah.
It doesn't, that doesn't make adifference today.
They, today
Speaker 2 (15:43):
they did it.
Right.
Okay.
They did it and they changed theentire world.
So how is putting a, um, ahundred dollars fee on a Visa, a
hundred thousand, a hundredthousand dollars fee on a Visa
supposed to make up for the last20, 30 years?
Of other countries gettingtrained up in these skills while
Americans were not.
Like, it just doesn't seem tomake a whole lot of sense to me,
(16:05):
like kind of what the logicthere would be
Speaker (16:08):
and, and I don't quite understand the logic either.
There's a lot of ways to likeslice this, right?
So on one hand, if you look atjust the political ideology, it
sounds really good to say, yeah,America first, we're bringing
jobs back and who knows, likemaybe some jobs.
We'll come back to America, Imean, to the United States,
(16:29):
right?
But you have to look at theunintended consequences of this.
And the unintended consequencesis that instead of the majority
of those companies paying thatfee, they're gonna start
outsourcing.
Where are they gonna startoutsourcing?
Well, they're gonna go to India.
They're, they're, they'vealready proven that you can
outsource jobs there.
They, why would they need theIndians to come to the US and
(16:51):
work in an office wheneverything can be done remotely?
And if they have issues wherethey need them to be on the same
time zone and they're not asproductive if they're, if
they're working US time fromIndia or Bangladesh or Pakistan,
of course it's hard to work.
Nights I've had to do it when Iwas traveling in Europe and the
Middle East and, and otherplaces where I had clients here.
I had to do meetings, I had todo sales calls.
In US time zones, it's reallydifficult.
(17:13):
So what's the next best thing?
Well, I had a whole other videothat I, where I talked about
this in depth, but they're gonnabring those jobs to places like
Mexico.
There's US companies right nowthat are starting in, in
companies from all over theworld, even outside of Mexico.
That are starting subsidiariesin Mexico and they're hiring
Mexicans.
Yes.
But they're also hiring peoplefrom India and China and all
these other places.
(17:33):
And then they're coming here,which is why
Speaker 2 (17:35):
there's so many Asians moving to Mexico.
Yep.
Which a lot of people we'reabout to start getting
Speaker (17:38):
some really good pad Hai, I think.
I hope
Speaker 2 (17:40):
finally something Asian food in Mexico finally.
Um, but to your watch the
Speaker (17:45):
commenters go off on that one.
Speaker 2 (17:48):
Well, anybody who's been in Latin America knows
Latin America does not do Asianfood well.
Okay.
So we're hoping'cause.
We started seeing it inGuadalajara.
We see Asian markets starting topop up all over the place in
Guadalajara.
We see Indian restaurants whowere, that were starting to pop
up all over the place inGuadalajara.
So what you're saying is thatthese American companies,
instead of paying for this visa,they're gonna circumvent it by,
(18:10):
for example, startingsubsidiaries in Mexico and then
bringing the people from fromAsia to Mexico.
Yeah.
Or, or just hiring them there,but, but now
Speaker (18:18):
that.
Now that the co you know, the,the economy is stable here in
Mexico, it's so much easier toget even a foreigner that's not
Mexican, a visa here in Mexicothan it is even pre this bill.
To get a foreigner, a visa inthe United States through H one
B, that to a lot of companies,it's just gonna be a no-brainer.
Speaker 2 (18:36):
And then the other thing that I was thinking is
because we do live in more of amultipolar world right now,
which I guess the US government.
I mean, I guess it doesn't gowith the brand of the US
government.
There's gotta be people in theUS government who actually know
that.
But of course they're not gonnasay that to the general public
because yeah, it would probablycause chaos and
Speaker (18:53):
I'll go off on a limb here.
Yeah.
To, to piggyback off of what youjust said, which is I think that
as much as this is maybepolitical, uh, posturing or
wanting to look good for likethe, the.
Policies that thisadministration is championing.
I think as much as that, it'sprobably in part to show people
(19:16):
that look at us, thegovernment's doing something to
protect your jobs.
Because to your point, Amanda,if they don't do things like
that, then what Americans aregonna start to do as they've
already been doing, and this iswhy many of them are moving
here.
Leave.
Well,
Speaker 3 (19:33):
yeah, they're,
Speaker (19:33):
they're, they're gonna lose hope and then that's gonna
cause'em to leave.
Exactly.
Speaker 3 (19:37):
So
Speaker (19:37):
they're losing hope because I mean, I've actually
been talking to a few people on,on LinkedIn as well that have
reached out to me that are likelooking for jobs and things like
that, and I'm, I'm sharing theirinformation with recruiters that
I'm connected to and whatnot.
But there's people out therethat I know that, that are in
(21:06):
the US that are amazing softwareengineers and they're unemployed
right now.
You think those people randomlyare just gonna get a job now
because there's this a hundredthousand dollars fine.
No.
Those jobs are, it's alreadydone.
And got the, the, the companiescan't even afford to pay them.
Speaker 3 (21:23):
Yeah.
Because
Speaker (21:23):
the cost of doing business in the US is so high.
The economy's bad.
with inflation, With everythingelse that's going on
economically.
It's hard to justify now payingall those people, and they've
already been, I mean, betweenai, between outsourcing, between
all these remote work solutions,they've already been on this
path, but this is just like sortof the final nail in the coffin.
Speaker 2 (21:43):
And then there's this other piece of the puzzle, which
of course is administration'snot going to talk about, but
there are some very smartgeopolitical experts who've
talked about.
Which is, hey, you know, if youdon't have that talent in the
United States, then you know,the United States is known for
technology and innovation, andobviously these visas affected
that sector more than anybodyelse.
It was really for that sector,um, this visa.
(22:04):
But if you're not getting thattalent, okay, well what if that
talent now starts to go to Chinabecause China's already nipping
at the heels of the UnitedStates.
Of course, when it comes totechnology.
And innovation.
So while the United States heldthe, you know, number one for
techno and still does fortechnology and innovation in the
world, China's not that farbehind
Speaker 3 (22:25):
absolutely.
In
Speaker 2 (22:25):
that regard.
So now basically you've made itmore difficult to hire the
talent that is necessary tocontinue.
That innovation and continue thegrowth of that sector?
Well now, I mean, if I wasChina, I'm not saying I am
China, but if I was China, I'dbe like, okay, start coming over
here.
Then
Speaker (22:43):
of course, you know, that's, they, that's what you
would
Speaker 2 (22:45):
do.
Speaker (22:45):
Yeah.
There's, there's a ton ofcountries now attracting
foreigners.
I mean, you look at places likeSingapore, for example, a ton of
foreign talent that are fromAsia and from everywhere else.
This is causing, in a big way, alot of.
A lot of brain drain too, right?
Yeah.
Because again, you, you look atthe, the macroeconomic
principles at play here.
The fact that they putessentially, so let me use an
(23:07):
example.
It's let take a look at thetariffs.
Are the tariffs making goodscheaper for Americans?
No.
They're making them moreexpensive.
Speaker 3 (23:15):
Yeah.
Speaker (23:16):
The people that are actually paying the burden of
that tax are the.
Taxpayers and the country atlarge, it's not just, oh, the
company's gonna pay it.
Big, bad, big corporation.
They're gonna have no, it'saffecting the everything
globally because there's,there's no more like isolation
anymore.
There's no more like, Hey, theUS is here and, and nothing that
(23:38):
the US does or nothing thatother countries do are gonna
affect the us.
Right.
Speaker 3 (23:41):
It's not like they anymore, the us Yeah.
Speaker (23:43):
The US has a policy.
They institute this fine, theythink, you know, short term
thinking.
Again, this is what's gotten usinto so much trouble in the
United States, but they're like,oh yeah, it's just gonna bring
the jobs back.
Maybe a few of them.
It's just like.
So it's like the tariffs, right?
The tariffs really just affectpeople.
Those individuals that make thecost of goods go up, they affect
companies, they hurt them, andthen what actually ends up
(24:04):
happening?
Well, nothing positive.
This is the same exact thing.
Or another example would be aplace like McDonald's, right?
That's mandated to have a$25minimum wage in a place like
California, right?
They're not paying more peoplenow,$25 an hour.
They're paying the very fewpeople.
They absolutely have to keepthere.
And then half the jobs are goingto robots.
(24:25):
They're automating it.
There's machines now betweenMcDonald's and other places that
are doing the cooking.
They have the automated kiosks.
Speaker 2 (24:31):
Right.
Because at some point it's not,it's not
Speaker (24:32):
making, it's not working.
Speaker 2 (24:35):
Because at some point, at some point, it's all a
math problem.
Yep.
At the end of the day, and ifthe math isn't math, then you
have to do something to make themath.
Math.
It's the same thing that, forexample, we see in European
countries now.
With the United Kingdom nowwanting to tax everybody of the
millionaires on their worldwideassets.
Okay, well what, even if they'renot living in the uk Yeah.
Even if the A, even if they'renot living in the uk.
(24:55):
So what is the what, what, whatends up happening?
Because it's common sense.
It's just a business decision atthat point.
Well, all those people start toleave the uk So what you're
saying and,'cause you know, wesee a lot of really short term
stupid decisions coming outtaEurope too, but that's a, a
video for, for another time, butat, at some point, right?
It's just the math needs tomath.
(25:15):
And if the math is not math,well these people are smart.
They're just gonna go find otheroptions.
The people running thesecompanies, they're just not,
they're not gonna just take itthe same way that the, you know,
millionaires in the UK aren'tjust taking it and they're all
leaving in droves because that'swhat smart, wealthy people do.
Speaker (25:32):
Of course.
And this does bring up somethinga little bit more insidious,
which is the people that are forsome reason deciding to stay and
just saying, well, maybe thispolicy will make our lives
better.
Maybe we'll get our jobs back.
What they're not realizing is.
It's sort of like this, thiswhole like holding a carrot in
front of you thing, thegovernment saying, Hey, look at
this thing we're doing.
Meanwhile, there's all thiscraziness happening beneath the
(25:53):
surface where borders are gonnastart to get closed.
That's what we're seeing.
Travel's gonna become harder.
It's already becoming harder forAmericans to open bank accounts
overseas in different countriesto get visas.
Even in a place like Mexico, theresidency income requirements
have like doubled and tripledfrom depending on the year
you're looking from.
But just over the last severalyears, they've gone up like
(26:13):
crazy.
I remember when I applied.
For my Mexican residency, theywere only asking for around 2000
or$3,000 a month.
Now it's almost up to 5K justfor temporary residents, and
it's gonna go up again by a fewpercent, maybe 10%, maybe more
in January when this, this newyear comes.
Speaker 2 (26:29):
And we're seeing many countries doing similar things.
Yeah.
A lot of
Speaker (26:31):
countries are because they realize their economies are
growing.
They don't need that manyforeigners.
They especially don't needAmericans because there's so
many tax complications that comewith Americans and reporting
requirements to the governmentand all these other things.
They don't wanna open bankaccounts for them.
They don't want to haveAmericans, let's say, just
coming into their country andchanging their culture.
Right?
That's one of the reasons youcould argue that places like
(26:53):
Asia don't allow citizenship forforeigners in almost all cases,
right?
They'll grant you temporary orsometimes permanent residence,
but they won't give you, uh,they won't give you citizenship
in Asia in a lot of places inthe Middle East as well.
But back to my original point,which is while little things
like this are happening to showyou that, oh, maybe it's gonna
get better in the next coupleyears, maybe you're gonna get
(27:13):
your jobs back.
All of these other countriesnow, and this, this, you could
argue would be a reason for themto be doing it, is, is to just
sort of keep people pacified.
Speaker 3 (27:21):
Yeah.
Speaker (27:21):
So, hey, we're gonna give you this little thing.
By the way, the dollar isweakening.
The peso is getting strongerevery single day compared to the
dollar.
Now it's at like 18.3.
Yeah.
Pesos per dollar, is it 21?
Right.
When AMLO was finishing histerm, uh, there's, there's
restrictions for immigration.
Now the US is pushing thingslike cbdc.
There's other countriesobviously doing this as well,
(27:43):
but that digital id, they'retrying to get it, get you all
surveilled and everything intothe system and it's like,
Speaker 3 (27:49):
yeah,
Speaker (27:50):
okay.
Uh, is this gonna make lifebetter for the average American?
Worse and long term.
And not only is it gonna getworse, but it's this like
boiling, you know, boiling frogthing where you're only really
able to feel the heat of thewater around you when it's too
late.
Speaker 2 (28:09):
Well, I think a lot of Americans are feeling the
heat with the cost of, they'restarting to,
Speaker (28:12):
but not enough to actually jump and move overseas.
Yeah.
The ones, even the ones thatcan't somehow.
There's a lot of them that arestill staying.
And I'm curious why, like, whyare you guys still staying in
the us?
Well,
Speaker 2 (28:23):
there's emotional things.
There's family, there'sconnections, there's, you know,
loose end, but at least
Speaker (28:28):
getting a second passport, at least getting a
second residency, at leastgetting a second bank account
somewhere outside.
There's ones
Speaker 3 (28:33):
who do that.
Speaker (28:33):
They're starting to, but not all of them.
There's smart
Speaker 3 (28:35):
ones do that.
Speaker (28:36):
Yeah, it's, it's, it's only gonna get worse and it's
gonna get better eventually.
I, I do think so.
I think maybe in 20, 30 yearsthe US might start to get
better.
I don't know that.
But it's gonna get a lot worsebefore it gets better.
And if you're not ready to ridethat wave, if you're not ultra,
ultra wealthy and you just likeputting up with, you know, in
San Francisco, people pooping onthe streets, if you enjoy that,
(28:58):
you know, and you really wannastay in the Bay Area, like,
okay, more power to you.
But the, the situation in the USis getting worse and worse.
The situation in Canada isgetting worse and worse.
I just think things like thisare designed to distract people
from what's really happening andfrom their lowering, uh, now
the, the, the diminishingability that the average
(29:18):
American has to be able to get asecond passport, to be able to
get a second residency.
Even some of the wealthy clientsthat we work with, they're
realizing we can't retire on twoor$3 million in the US anywhere
decent.
Yeah.
But we definitely can in Mexicostill that is possible.
And they're taking action andthey're, they're finally
starting to.
To come here more and more.
Speaker 2 (29:38):
And then they come to Mexico before it's too late and
then they come to Mexico, getthe immigration done, you know?
So they have that residency intheir back, in their back
pocket.
Yep.
Pocket.
Because Mexico is one of thecountries that does allow you to
do that.
There's a couple others, butMexico is one of the most
well-known ones.
Um, and then they come to Mexicoand what's the first thing they
start asking us?
We just had clients here andthey're like, oh my gosh, the
growth here is crazy.
(29:58):
Yeah.
They wanna buy real estate, theywanna invest, they wanna buy
real estate.
They wanna invest because theysee how Mexico is having a
growth economy.
In comparison to what's goingon, um, in the United States.
And the final point,'cause youbrought up, uh, you know, Asia
and the Middle East, and I don'tknow if a lot of Americans know
this, right?
Is the Middle East is alsopumping a lot of money into tech
and finance, so maybeAbsolutely.
Speaker (30:20):
The, yeah, the Middle East is, is.
Uh, Qatar and Saudi Arabia andthe UAE, they're, they're
putting tons of money, tons oftechnology.
Tons.
They're turning tons.
Yeah.
These deserts into data centers.
Speaker 2 (30:30):
Yeah, that's, I mean, so now what's gonna happen?
They're
Speaker (30:33):
planting data centers everywhere, so
Speaker 2 (30:35):
now the talent, so then they could do a play as
well in the Middle East and belike, Hey, talent, and it just
got a lot harder for you to goto the United States.
Why don't you start coming overhere, over the Gulf States?
And they already
Speaker (30:46):
are.
They're making it easy forpeople to start businesses
there.
Speaker 2 (30:49):
Yeah.
So basically what you're sayingis like your theory of this
whole thing is like it's a giantdistraction to keep Americans
pacified, basically.
Speaker (30:58):
I don't know what Trump's thinking, right?
I, I don't know what Trump'sthinking.
I don't know what theadministration's trying to do.
I genuinely believe there's achance.
Again, and this is because I'm,I, you know, I'm, I'm a little
bit of a, an old soul perhaps.
Like maybe they're trying to dothe right thing and maybe it's
guided by genuinely trying tohelp the American people.
I think that's a possibility.
Do I think that's likely?
(31:18):
I don't know.
It's, it's, it's like 50 50maybe.
Speaker 3 (31:21):
Yeah.
Speaker (31:21):
So maybe there's a, there's a part there that
actually is genuinely trying todo something to help the economy
for whatever reason.
That may or may not also bepolitically motivated, but
that's okay.
Like maybe there's somethingthere where they're like, we
wanna, we, we wanna help people.
We think this will help people.
That doesn't mean that the mathis good math.
Speaker 3 (31:38):
Yeah.
And
Speaker (31:38):
that's what's really important in all this.
Is it actually gonna work?
Does it follow us onmacroeconomic policy?
And I don't see the tariffsworking.
I don't think this is going towork.
Speaker 2 (31:46):
Well.
They've, they've, um, what's theword?
They've extended the tariffs onChina like a bunch of times.
The deadlines by now.
The deadlines and all that,because China's playing ball.
Speaker (31:55):
Well, they're already, I mean, now it's already cheaper
for us to buy things, a lot ofelectronics to buy them in
Mexico, shipped directly fromChina than it is.
To buy them in the US
Speaker 3 (32:03):
because of the tariffs,'cause of all the
Speaker (32:04):
tariff, the tariffs, and the speculation about the
tariffs, which is significantlyincreasing the, the cost of all
of these different partsthroughout the supply chain.
Speaker 2 (32:12):
Yeah.
And for those of you who don'tknow, like whenever we would go
to the United States, it wasknown that technology, it was
cheaper to buy tech things inthe United States than Mexico.
Mm-hmm.
By a lot.
By a lot.
And now because of the tariffs,we're starting to see the
reverse on on some things.
So that's an interesting thingthat's happening.
As well.
Yeah.
The tariffs haven't seemed towork out the way that, that he
(32:33):
wanted them to.
But again, it just goes back tothat idea of, you know, this may
not be sound economic policy forthe world that we're living in
right now.
Speaker (32:43):
And that seems to be, I don't, I don't, it is, I think,
I think think it's either, Ithink it's either that the
people that are in charge in theUS genuinely still somehow
believe that we're living inthat unipolar world and they're
acting based on that.
Assuming that they are takingthe interests of the US
population into account, whichis arguable, right?
But let's give them the benefitof the doubt there and say that
(33:05):
that's option one, which is thatthey're genuinely taking that
into account, but they'reoperating from a misguided point
of view that may have, may havebeen true 20 or 30 or 40 years
ago, but isn't true today.
And then option two.
Is that either it's a deflectionand or what they're doing is
(33:26):
they're trying to keep the USpublic believing that we're
living in that unipolar worldand that America is still the
best, but we're not, and that'swhy this makes sense.
Right?
Speaker 3 (33:36):
Right.
That's
Speaker (33:37):
why otherwise there's no way for them to justify that.
Does that make sense?
So, so it's almost like a littlebit of reverse psychology, oh,
we're gonna do this thingbecause it's gonna bring back
jobs, and if you believe thatit's gonna bring back jobs.
That means that your level ofthinking around macroeconomics
as it relates to the US is thatof that unipolar, we're the
best, we're on top, blah, blah,blah.
And so it keeps them in thenarrative of believing that
(34:00):
themselves.
That's another option.
And I think those are the onlytwo real sides of that coin that
make any sense personally.
Yeah.
Speaker 2 (34:08):
Well thank you.
'cause I really wanted youropinion on this.
You know, you having, you know,run businesses from multiple
countries, you having managedtech teams.
From multiple countries, beingfrom the Bay Area, which seems
to be the epicenter, um, of thiswhole thing.
And, and you've been seeing thisstuff your, your entire life.
And also just what we've beenseeing just from living and
traveling in other countries,like, oh, hold on.
(34:30):
Wait a second.
The, this math is not gonna workout probably the way that you
think, uh, it's going to workout.
And for those of you who areinterested.
Justin did do another videowhere he actually taught
companies how to circumvent thatvisa by hiring people through
Mexico, which we're probablygoing to see a lot more
companies doing.
(34:51):
So thank you guys so much forgiving us.
Your time today.
Many of you have been askingabout these Visa policies and
things like this, so we justwanted to bring this
conversation to you.
Once again, if you have over amillion in liquid net worth, we
can help you with relocation,investment opportunities, real
estate, you name it, just go toentrepreneur expat.com/consult.
That's also for those of you whohave businesses that are over
(35:13):
seven figures, and you may needto figure out how to move
abroad.
Um, but you gotta figure out theissue.
You gotta figure out thebusiness first in order to be
able to more easily.
Move abroad, whether it'sselling it or putting management
in place or moving it online,you guys can use that link as
well.
And if you do not meet that, uh,requirement, don't worry.
(35:34):
We have a ton of resources foryou.
Make sure to subscribe to thisYouTube channel because all the
content here is free.
We try and bring as mucheducational stuff to you guys as
possible.
Um, in addition to that, we havea lot of resources in the
description.
Anywhere from free guides.
To courses that you can take,courses that will help you move
to the country that makes themost sense for you, because
(35:55):
Mexico makes sense for us rightnow.
Doesn't mean it makes sense foryou, the viewer, based on your
situation all the way to, youknow, how do you make more money
online so you can qualify forvisas all over the world.
Thank you so much for giving usyour time today, and we'll catch
you on the next one.
Trump's new a hundred thousand dollars fee for
H one B Visa applicants.
Is supposed to give Americansmore jobs.
It's supposed to bring back thework to the us.
That's what they're saying.
Anyway, in this video, we'regonna talk about why.
The reality is that might notactually be the case, and we're
(00:58):
gonna show you some of theeconomic problems that this bill
is actually going to introduce,both in the US and all around
the world.
Amanda Abella (01:09):
Welcome to Entrepreneur Expat.
This is Justin.
I'm Amanda, and on this channelwe talk all about doing business
internationally.
How to diversify yourself oryour assets globally.
How to make money from anywherein the world and so much more.
So if that's something thatyou're interested in, make sure
to subscribe and hit thenotification bell.
So you don't want me to saysingle video we have coming out
(01:29):
on this channel.
So you can see we finally gotour set set up.
So.
We are on a roll with bringingyou content every single week.
We've got emails, we've gotmessages, we've got Instagram
dms coming in every single day.
We're trying to do our best toanswer all of them.
So you're definitely gonna wannamake sure to subscribe and hit
that notification bell.
(01:50):
And for those of you who haveover a million in liquid assets
or more, we can help yourelocate to another country.
We can help you find investmentopportunities in other
countries.
For example, we're in Mexicoright now, which is.
Booming and all you need to dois apply to work with ESCO to
entrepreneur expat.com/consult.
And if you don't have a milliondollars in net worth yet, do not
(02:11):
worry.
We have a bunch of resources foryou as well, which you can find
in the description below.
It'll help you with anythingfrom relocating yourself and
finding the best countries foryou to making enough money
online to be able to be approvedfor visas all over the world.
Speaker (02:30):
All right.
Well, for those of you thatmaybe haven't heard the news or
haven't been following the newstoo much, believe me, we try not
to get too involved in US newsand politics and everything else
just for our own sanity, buteverybody, everybody, everybody.
Amanda, is talking about this Hone B Visa bill that just
passed.
Employers are gonna need to paya hundred thousand dollars for
(02:51):
every single new applicant thatthey have.
If you don't know too much aboutthe H one B Visa, essentially
what it does is it allowsUS-based companies to hire
foreigners.
A lot of the time they're fromcountries like India that have a
lot of very sophisticated, uh,tech knowledge and things like
that, and they'll hire thoseworkers.
They'll come to the us.
(03:12):
The company will sponsor theirvisa.
So there was a.
Relatively small in pre-bill,new bill times a fee that the
employer would have to pay inorder to be able to sponsor that
new employee's visa.
And then that employee wouldcome from India or China or
Pakistan or wherever else to theUS to live in the us and that
(03:35):
was that.
Now what's, what's kind ofchanged now as of this bill?
Speaker 2 (03:38):
So from my understanding, the bill was
being presented as, you know,Trump's kind of America first.
Kind of battle cry.
It sounds
Speaker (03:46):
really good, right?
Yeah, it sounds really good.
We're gonna bring the jobs back.
We're focusing on Americans.
Let's, let's bring back thewhite collar work to the us.
Speaker 2 (03:55):
The problem is that that's not exactly that simple
in terms of how it's going towork out.
It's definitely going to have aneffect on the US economy and
Donald Trump, and not justDonald Trump, but whoever's
running the US government.
All of them seem to keepforgetting that the world has
changed in some really majorways.
So I think America first, likeyou said, it sounds really great
(04:16):
on paper, but when you take intoaccount the fact that we're in a
multipolar world, China isnipping at the US' feet when it
comes to technology.
Uh, companies in the UnitedStates are gonna find a way to
circumvent this visa anyway.
Of course, it, it probably isnot what the American people,
uh, might be expecting, andthat's kind of what we wanted to
(04:38):
cover.
In this episode today becausesince we follow what goes on in
different countries and wefollow economies in different
countries and we just see thingsand how they're shifting and
moving all around the world andchanging, we thought it was
important to, to talk about itand then bring it up.
Speaker (04:52):
Absolutely, and, and I'll preface what we're about to
go into with the fact that like,this is not just our opinion or.
Something that we looked upright before making this video.
We've been seeing the trendsactively happen here in Mexico
with outsourcing and, andnearshoring and things like
that, and we're gonna talk alittle bit about how that's
going to occur even more andmore.
(05:12):
So as an example, we lived forabout three years in
Guadalajara, Mexico, which isabout an hour and a half from
where we currently are in theLake Al area.
We got a cool lake view.
Behind us.
It's, it's a little bit morecalm here than in Guadalajara
where kind of left the hustleand bustle of the city.
But when we were in the city, wesaw a lot of international
people, people coming in fromeverywhere, and especially
(05:32):
India.
So companies, both Mexican andalso foreign companies will be
hiring these Indian workers.
We'd see them everywhere.
I mean, I.
I, I bought things off, anIndian couple on Facebook
marketplace and you see'em at,there's a lot of Indian
restaurants now that are, uh,popping up all around
Guadalajara, including ourneighborhood,
Speaker 2 (05:50):
one of one of the immigration attorneys we work
with for ourselves and also forour clients.
Had mentioned to me, Hey, someof the visas that we're like,
that they're processing the mostis actually from India.
So what does this mean?
What is actually going on?
I think the first thing thatcomes to mind is like, these
jobs are not going to go toAmericans.
You just did a video on howcompanies can actually
(06:11):
circumvent the whole visa by,for example, either hiring
people remotely or for example,like nearshoring for tech jobs.
Absolutely.
So, so they can hire people andbring them to Mexico, which is
seems to be part of what, whywould you wanna pay
Justin Keltner (06:24):
double or triple the salary of somebody, or at
least, I mean, double digitpercent more just to be able to
keep pace with the cost ofliving in the us.
Then on top of it, pay all the,all the different government
fees.
Deal with all the red tape inthe us.
In some cases there, there werevisas, H one B Visas, even
before this new bill that wereprocessing for years, literally
(06:46):
multiple years before theyfinally had somebody that's a
new employee approved to comeinto that company and get their
visa in the us.
Speaker 3 (06:54):
Yeah,
Speaker (06:54):
you can't run a business like that.
There's too muchunpredictability as a business
owner.
I mean, we've both been businessowners for decades,
independently.
And you can't run a businesswhere the government is
constantly giving you all ofthis red tape.
It just does not work.
Speaker 2 (07:09):
Yeah.
And I think, um, one of thethings I wanted to ask you,
because you spent some time intech, you've also managed, um,
you know, developers and techcompanies from multiple
countries at one point.
You know, I think one of thethings, or, or one of the
arguments against this policywith the H one B Visa is that
the talent that is needed.
For this type of work just doesnot exist in the United States,
(07:31):
or it's too expensive for thecompany.
So I'd like to hear your opinionon that since you spent some
time in that space.
Speaker (07:38):
It's a little of both really.
So what we've seen is that whenyou look at the programs like
the ones that were, uh,spearheaded by Bill Gates and
Microsoft, they were, instead oftraining Americans, you know,
when, when we were building theinternet and when, when
computers were, were reallycoming into play in in the last.
A couple decades here and nowgetting into more advanced
(07:58):
technologies like ai, a lot ofthe training has been done
overseas because companiesthought that they could just
outsource those jobs and hirereally cheap talent overseas
instead of really training theircitizenry, right?
Like their own, their own peopleon those skills.
And it's kind of this whole likepenny wise and pound foolish
thing.
You're gonna make an investmentin all those other countries, a
(08:20):
substantial investment.
Because you want to save moneyin the short term, but in the
long term, it's causing a lackof education in a lot of those
areas.
In the US now, there's tons ofgreat, uh, engineers and
developers and, and all sorts ofthings in the United States, but
there's a number one, there's adifferent cultural mindset, like
how we re Americansunfortunately relate to work.
(08:42):
When you compare an Americanemployee with an Indian
employee.
I have to say it like the Indianemployee tends to work harder
and put in more effort and putin more time.
Americans are becoming fuckingentitled, right?
They don't wanna work.
They don't wanna work hard.
They don't have the same kindsof values.
They like to just.
Spend money on things like thatdon't really matter.
(09:03):
The Indians that I knew when Iwas in the Bay Area growing up,
I mean, they, they wouldconstantly save money.
They, they would be saving moneyfor their kids' education.
They'd be sending money backhome.
They were very smart about theirfinances and they were not
entitled.
They came here, they, theyworked, uh, they came to the us.
They worked really, really hard,like a lot of the.
The Latinos that are in theUnited States that immigrated
(09:23):
there legally as well, right?
I mean, either way, but, butlike they're extremely hard
workers and the US has lost alot of that culture.
They're lacking a lot of thattraining in engineering that you
have in places like China.
Did you know that?
So now even if you look at likeprimary school, right?
Like, uh, like K through 12 andall that, we're still messing
(09:44):
around fighting about bullshitlike common core math, which
does not work.
We're in the United States.
We're tea.
Yeah.
In the US we're teaching, uh, inthe US we're teaching identity
politics.
We're basically touting thingslike transgenderism to children,
and we're not focusing on likethe basics.
What do they need to know inChina?
They're not doing any of thatshit.
(10:04):
Do you know what they'reteaching in China now?
By the time you're five, sixyears old, you're starting to
get an education in China aboutai.
It's mandatory in all Chineseschools now where we're messing
around with a bunch of BS atbest.
At worst, it's like the identitypolitics, the stuff that has
nothing to do with school.
That's people shoving theirpolitical agenda down children's
throats, and that's, that'sawful.
(10:24):
Then best case scenario, whatyou have is you have these
concepts that are alltheoretical.
Like when I, I took a coupleyears of community college and
I, I took many classes arounddevelopment and things like
that, even though I'd beenstudying that on my own for
years before.
None of this stuff is relevant.
I mean, they, they have a hardtime even putting things in
(10:45):
these classes that you still useat all in the workplace anymore.
People are coming outta school.
They're completely uneducated.
They know a ton about, uh,political science allegedly,
which they actually don't'causethey're just getting
brainwashed.
But the idea is, okay, they'vegot this poli sci background.
They know about history, theyknow about liberal arts.
No offense.
(11:06):
I know you have a liberal artsdegree.
Hey,
Speaker 2 (11:08):
liberal arts does help the business.
Okay.
It does.
You just have to know how towork it.
But most, to your point, mostpeople who get liberal arts
degrees don't know how to workit.
Yeah.
Speaker (11:17):
But even when you look at some of the engineering
programs, even some of the, thetop engineering programs.
They don't focus on very much ofwhat actually is relevant in the
workplace today.
Versus places like China, placeslike India, they're, they're
teaching ai, they're teachingthings that are super relevant.
So you have lack of trainingthat's embedded into the system.
I mean, the US ranks not numberone, not number two, like maybe,
I think it's in the top 30 or 40in terms of education systems in
(11:40):
the world.
When it's one of the richestcountries, it doesn't make any
sense.
Speaker 3 (11:43):
Right.
Speaker (11:44):
How bad the education in the US is compared to other
countries.
So you've got lack of education,lack of specialized knowledge,
the specialized trainingprograms that have been applied
to all these other countriesinstead of ours because of large
corporations like Microsoft thatwere trying to outsource all
that in the, in the nineties andthe early two thousands.
And then you have culture, andthen on top of that, the
Americans want to get a lot moremoney.
(12:05):
Understandably so.
'cause they wanna live to acertain standard of living that
they're accustomed to.
So you're paying a hundred andtwenty, a hundred thirty, a
hundred fifty,$160,000 for adecent developer.
Now if you're in the Bay Area orAustin or New York.
So why would you do that whenyou could pay somebody 30 or
$40,000 less to actually come toAmerica?
But now with this bill, what'shappening is you gotta pay that
(12:26):
large salary still.
You gotta, you gotta make surethat they're, they're able to.
To adjust to the US and pay fortheir living expenses there,
even if the Indians and theChinese and other people that
are coming are willing tosacrifice a little bit of that
quality of life to come toAmerica.
But now you've got that entire,uh, a hundred thousand dollars
basically fee on top of that,which is gonna discourage a lot
of companies.
(12:47):
And more importantly, a lot ofthese foreigners are not really
wanting to come to the USanymore anyway.
So what that's doing is you'renot just affecting the
corporations.
Well, look,
Speaker 2 (12:57):
Canada, Canada has a lot of, uh, people from India
who are tech workers, and it'sall over Instagram.
How many of them are starting togo back?
Speaker (13:03):
Mm-hmm.
To India?
That's very common.
Yeah.
Or other
Speaker 2 (13:05):
people from Asia who are starting to leave Canada.
I know we're talking about theUnited States, but it happens to
be that this has been happeningin Canada, that they're starting
to go back to Asia.
They're like, this doesn't makeany sense anymore.
Because it doesn't, because inthose countries, um, to your
point, I, I see this going in somany different directions.
So let me, let me try and honeit in so I don't go on tangents,
but I guess I hear this and Ihear this Visa bill, and I'm
(13:28):
like, does the, it it, to me, itsounds like the United States
still thinking like it's the topdog.
It's number one of everything inthe world of the we are the
greatest.
Of course, number one, of coursethey're gonna hire Americans.
'cause Americans are number one.
Or of course people from othercountries are gonna wanna come
to the United States for thesejobs because we're number one
and the companies are just gonnahave to deal with it.
(13:49):
Is that, do you think that'skind of like the mentality.
Absolute.
Speaker (13:51):
That's absolutely the mentality.
Yeah.
And, and I don't, I'm notinvolved in like politics in the
us I don't, I don't have insiderinformation here.
Right.
I mean, this is from myresearch, this is from my
experience and also from whatI've seen in places like Mexico
with people getting hired herefrom all over the world.
But what I do know is that this,this idea that we're like now
(14:13):
still the dominant superpowerand there's nobody else out
there, uh, I think it's using.
Second grade macroeconomictheory on the behalf of the
administration and the, and thegovernment to try to bring forth
policies.
I, I don't know if, if this is,if this is just incompetence, I
don't know if it's ego that,that, uh, is, is just not guided
(14:36):
by like actual truth or if it'ssomething a lot reality of
what's reality or if it'ssomething a lot more sinister, I
couldn't tell you.
Right.
I'm not here to.
To, to make opinions about,about that because I don't know.
But what I do know is we're in amultipolar universe.
A multipolar Well,
Speaker 2 (14:51):
that's another conversation.
That's another
Speaker (14:53):
conversation.
But we're in a multipolar world,right?
We're, we're in a multipolarearth here.
And so you, you don't just havethe United States being the
superpower like it was before.
China's got a booming economyand a strong military.
India's growing.
All these other countries aregrowing.
Mexico's economy is growing.
It's got one of the fastestgrowing middle classes right now
(15:14):
in the world.
So it, it's not just this likeone trick pony where the United
States can just bully everybodyinto submission anymore.
It's not that simple.
Speaker 2 (15:23):
So is the idea of like, okay, we're gonna put this
fee on the Visa, and I guesswe're just like waxing poetic
and, and making assumptionshere.
If the damage was done right.
'cause a lot of people aresaying, oh, well those jobs
never should have gone overseas.
The training never should havegone overseas.
Okay.
But they did it.
Speaker (15:40):
Yeah.
It doesn't, that doesn't make adifference today.
They, today
Speaker 2 (15:43):
they did it.
Right.
Okay.
They did it and they changed theentire world.
So how is putting a, um, ahundred dollars fee on a Visa, a
hundred thousand, a hundredthousand dollars fee on a Visa
supposed to make up for the last20, 30 years?
Of other countries gettingtrained up in these skills while
Americans were not.
Like, it just doesn't seem tomake a whole lot of sense to me,
(16:05):
like kind of what the logicthere would be
Speaker (16:08):
and, and I don't quite understand the logic either.
There's a lot of ways to likeslice this, right?
So on one hand, if you look atjust the political ideology, it
sounds really good to say, yeah,America first, we're bringing
jobs back and who knows, likemaybe some jobs.
We'll come back to America, Imean, to the United States,
(16:29):
right?
But you have to look at theunintended consequences of this.
And the unintended consequencesis that instead of the majority
of those companies paying thatfee, they're gonna start
outsourcing.
Where are they gonna startoutsourcing?
Well, they're gonna go to India.
They're, they're, they'vealready proven that you can
outsource jobs there.
They, why would they need theIndians to come to the US and
(16:51):
work in an office wheneverything can be done remotely?
And if they have issues wherethey need them to be on the same
time zone and they're not asproductive if they're, if
they're working US time fromIndia or Bangladesh or Pakistan,
of course it's hard to work.
Nights I've had to do it when Iwas traveling in Europe and the
Middle East and, and otherplaces where I had clients here.
I had to do meetings, I had todo sales calls.
In US time zones, it's reallydifficult.
(17:13):
So what's the next best thing?
Well, I had a whole other videothat I, where I talked about
this in depth, but they're gonnabring those jobs to places like
Mexico.
There's US companies right nowthat are starting in, in
companies from all over theworld, even outside of Mexico.
That are starting subsidiariesin Mexico and they're hiring
Mexicans.
Yes.
But they're also hiring peoplefrom India and China and all
these other places.
(17:33):
And then they're coming here,which is why
Speaker 2 (17:35):
there's so many Asians moving to Mexico.
Yep.
Which a lot of people we'reabout to start getting
Speaker (17:38):
some really good pad Hai, I think.
I hope
Speaker 2 (17:40):
finally something Asian food in Mexico finally.
Um, but to your watch the
Speaker (17:45):
commenters go off on that one.
Speaker 2 (17:48):
Well, anybody who's been in Latin America knows
Latin America does not do Asianfood well.
Okay.
So we're hoping'cause.
We started seeing it inGuadalajara.
We see Asian markets starting topop up all over the place in
Guadalajara.
We see Indian restaurants whowere, that were starting to pop
up all over the place inGuadalajara.
So what you're saying is thatthese American companies,
instead of paying for this visa,they're gonna circumvent it by,
(18:10):
for example, startingsubsidiaries in Mexico and then
bringing the people from fromAsia to Mexico.
Yeah.
Or, or just hiring them there,but, but now
Speaker (18:18):
that.
Now that the co you know, the,the economy is stable here in
Mexico, it's so much easier toget even a foreigner that's not
Mexican, a visa here in Mexicothan it is even pre this bill.
To get a foreigner, a visa inthe United States through H one
B, that to a lot of companies,it's just gonna be a no-brainer.
Speaker 2 (18:36):
And then the other thing that I was thinking is
because we do live in more of amultipolar world right now,
which I guess the US government.
I mean, I guess it doesn't gowith the brand of the US
government.
There's gotta be people in theUS government who actually know
that.
But of course they're not gonnasay that to the general public
because yeah, it would probablycause chaos and
Speaker (18:53):
I'll go off on a limb here.
Yeah.
To, to piggyback off of what youjust said, which is I think that
as much as this is maybepolitical, uh, posturing or
wanting to look good for likethe, the.
Policies that thisadministration is championing.
I think as much as that, it'sprobably in part to show people
(19:16):
that look at us, thegovernment's doing something to
protect your jobs.
Because to your point, Amanda,if they don't do things like
that, then what Americans aregonna start to do as they've
already been doing, and this iswhy many of them are moving
here.
Leave.
Well,
Speaker 3 (19:33):
yeah, they're,
Speaker (19:33):
they're, they're gonna lose hope and then that's gonna
cause'em to leave.
Exactly.
Speaker 3 (19:37):
So
Speaker (19:37):
they're losing hope because I mean, I've actually
been talking to a few people on,on LinkedIn as well that have
reached out to me that are likelooking for jobs and things like
that, and I'm, I'm sharing theirinformation with recruiters that
I'm connected to and whatnot.
But there's people out therethat I know that, that are in
(21:06):
the US that are amazing softwareengineers and they're unemployed
right now.
You think those people randomlyare just gonna get a job now
because there's this a hundredthousand dollars fine.
No.
Those jobs are, it's alreadydone.
And got the, the, the companiescan't even afford to pay them.
Speaker 3 (21:23):
Yeah.
Because
Speaker (21:23):
the cost of doing business in the US is so high.
The economy's bad.
with inflation, With everythingelse that's going on
economically.
It's hard to justify now payingall those people, and they've
already been, I mean, betweenai, between outsourcing, between
all these remote work solutions,they've already been on this
path, but this is just like sortof the final nail in the coffin.
Speaker 2 (21:43):
And then there's this other piece of the puzzle, which
of course is administration'snot going to talk about, but
there are some very smartgeopolitical experts who've
talked about.
Which is, hey, you know, if youdon't have that talent in the
United States, then you know,the United States is known for
technology and innovation, andobviously these visas affected
that sector more than anybodyelse.
It was really for that sector,um, this visa.
(22:04):
But if you're not getting thattalent, okay, well what if that
talent now starts to go to Chinabecause China's already nipping
at the heels of the UnitedStates.
Of course, when it comes totechnology.
And innovation.
So while the United States heldthe, you know, number one for
techno and still does fortechnology and innovation in the
world, China's not that farbehind
Speaker 3 (22:25):
absolutely.
In
Speaker 2 (22:25):
that regard.
So now basically you've made itmore difficult to hire the
talent that is necessary tocontinue.
That innovation and continue thegrowth of that sector?
Well now, I mean, if I wasChina, I'm not saying I am
China, but if I was China, I'dbe like, okay, start coming over
here.
Then
Speaker (22:43):
of course, you know, that's, they, that's what you
would
Speaker 2 (22:45):
do.
Speaker (22:45):
Yeah.
There's, there's a ton ofcountries now attracting
foreigners.
I mean, you look at places likeSingapore, for example, a ton of
foreign talent that are fromAsia and from everywhere else.
This is causing, in a big way, alot of.
A lot of brain drain too, right?
Yeah.
Because again, you, you look atthe, the macroeconomic
principles at play here.
The fact that they putessentially, so let me use an
(23:07):
example.
It's let take a look at thetariffs.
Are the tariffs making goodscheaper for Americans?
No.
They're making them moreexpensive.
Speaker 3 (23:15):
Yeah.
Speaker (23:16):
The people that are actually paying the burden of
that tax are the.
Taxpayers and the country atlarge, it's not just, oh, the
company's gonna pay it.
Big, bad, big corporation.
They're gonna have no, it'saffecting the everything
globally because there's,there's no more like isolation
anymore.
There's no more like, Hey, theUS is here and, and nothing that
(23:38):
the US does or nothing thatother countries do are gonna
affect the us.
Right.
Speaker 3 (23:41):
It's not like they anymore, the us Yeah.
Speaker (23:43):
The US has a policy.
They institute this fine, theythink, you know, short term
thinking.
Again, this is what's gotten usinto so much trouble in the
United States, but they're like,oh yeah, it's just gonna bring
the jobs back.
Maybe a few of them.
It's just like.
So it's like the tariffs, right?
The tariffs really just affectpeople.
Those individuals that make thecost of goods go up, they affect
companies, they hurt them, andthen what actually ends up
(24:04):
happening?
Well, nothing positive.
This is the same exact thing.
Or another example would be aplace like McDonald's, right?
That's mandated to have a$25minimum wage in a place like
California, right?
They're not paying more peoplenow,$25 an hour.
They're paying the very fewpeople.
They absolutely have to keepthere.
And then half the jobs are goingto robots.
(24:25):
They're automating it.
There's machines now betweenMcDonald's and other places that
are doing the cooking.
They have the automated kiosks.
Speaker 2 (24:31):
Right.
Because at some point it's not,it's not
Speaker (24:32):
making, it's not working.
Speaker 2 (24:35):
Because at some point, at some point, it's all a
math problem.
Yep.
At the end of the day, and ifthe math isn't math, then you
have to do something to make themath.
Math.
It's the same thing that, forexample, we see in European
countries now.
With the United Kingdom nowwanting to tax everybody of the
millionaires on their worldwideassets.
Okay, well what, even if they'renot living in the uk Yeah.
Even if the A, even if they'renot living in the uk.
(24:55):
So what is the what, what, whatends up happening?
Because it's common sense.
It's just a business decision atthat point.
Well, all those people start toleave the uk So what you're
saying and,'cause you know, wesee a lot of really short term
stupid decisions coming outtaEurope too, but that's a, a
video for, for another time, butat, at some point, right?
It's just the math needs tomath.
(25:15):
And if the math is not math,well these people are smart.
They're just gonna go find otheroptions.
The people running thesecompanies, they're just not,
they're not gonna just take itthe same way that the, you know,
millionaires in the UK aren'tjust taking it and they're all
leaving in droves because that'swhat smart, wealthy people do.
Speaker (25:32):
Of course.
And this does bring up somethinga little bit more insidious,
which is the people that are forsome reason deciding to stay and
just saying, well, maybe thispolicy will make our lives
better.
Maybe we'll get our jobs back.
What they're not realizing is.
It's sort of like this, thiswhole like holding a carrot in
front of you thing, thegovernment saying, Hey, look at
this thing we're doing.
Meanwhile, there's all thiscraziness happening beneath the
(25:53):
surface where borders are gonnastart to get closed.
That's what we're seeing.
Travel's gonna become harder.
It's already becoming harder forAmericans to open bank accounts
overseas in different countriesto get visas.
Even in a place like Mexico, theresidency income requirements
have like doubled and tripledfrom depending on the year
you're looking from.
But just over the last severalyears, they've gone up like
(26:13):
crazy.
I remember when I applied.
For my Mexican residency, theywere only asking for around 2000
or$3,000 a month.
Now it's almost up to 5K justfor temporary residents, and
it's gonna go up again by a fewpercent, maybe 10%, maybe more
in January when this, this newyear comes.
Speaker 2 (26:29):
And we're seeing many countries doing similar things.
Yeah.
A lot of
Speaker (26:31):
countries are because they realize their economies are
growing.
They don't need that manyforeigners.
They especially don't needAmericans because there's so
many tax complications that comewith Americans and reporting
requirements to the governmentand all these other things.
They don't wanna open bankaccounts for them.
They don't want to haveAmericans, let's say, just
coming into their country andchanging their culture.
Right?
That's one of the reasons youcould argue that places like
(26:53):
Asia don't allow citizenship forforeigners in almost all cases,
right?
They'll grant you temporary orsometimes permanent residence,
but they won't give you, uh,they won't give you citizenship
in Asia in a lot of places inthe Middle East as well.
But back to my original point,which is while little things
like this are happening to showyou that, oh, maybe it's gonna
get better in the next coupleyears, maybe you're gonna get
(27:13):
your jobs back.
All of these other countriesnow, and this, this, you could
argue would be a reason for themto be doing it, is, is to just
sort of keep people pacified.
Speaker 3 (27:21):
Yeah.
Speaker (27:21):
So, hey, we're gonna give you this little thing.
By the way, the dollar isweakening.
The peso is getting strongerevery single day compared to the
dollar.
Now it's at like 18.3.
Yeah.
Pesos per dollar, is it 21?
Right.
When AMLO was finishing histerm, uh, there's, there's
restrictions for immigration.
Now the US is pushing thingslike cbdc.
There's other countriesobviously doing this as well,
(27:43):
but that digital id, they'retrying to get it, get you all
surveilled and everything intothe system and it's like,
Speaker 3 (27:49):
yeah,
Speaker (27:50):
okay.
Uh, is this gonna make lifebetter for the average American?
Worse and long term.
And not only is it gonna getworse, but it's this like
boiling, you know, boiling frogthing where you're only really
able to feel the heat of thewater around you when it's too
late.
Speaker 2 (28:09):
Well, I think a lot of Americans are feeling the
heat with the cost of, they'restarting to,
Speaker (28:12):
but not enough to actually jump and move overseas.
Yeah.
The ones, even the ones thatcan't somehow.
There's a lot of them that arestill staying.
And I'm curious why, like, whyare you guys still staying in
the us?
Well,
Speaker 2 (28:23):
there's emotional things.
There's family, there'sconnections, there's, you know,
loose end, but at least
Speaker (28:28):
getting a second passport, at least getting a
second residency, at leastgetting a second bank account
somewhere outside.
There's ones
Speaker 3 (28:33):
who do that.
Speaker (28:33):
They're starting to, but not all of them.
There's smart
Speaker 3 (28:35):
ones do that.
Speaker (28:36):
Yeah, it's, it's, it's only gonna get worse and it's
gonna get better eventually.
I, I do think so.
I think maybe in 20, 30 yearsthe US might start to get
better.
I don't know that.
But it's gonna get a lot worsebefore it gets better.
And if you're not ready to ridethat wave, if you're not ultra,
ultra wealthy and you just likeputting up with, you know, in
San Francisco, people pooping onthe streets, if you enjoy that,
(28:58):
you know, and you really wannastay in the Bay Area, like,
okay, more power to you.
But the, the situation in the USis getting worse and worse.
The situation in Canada isgetting worse and worse.
I just think things like thisare designed to distract people
from what's really happening andfrom their lowering, uh, now
the, the, the diminishingability that the average
(29:18):
American has to be able to get asecond passport, to be able to
get a second residency.
Even some of the wealthy clientsthat we work with, they're
realizing we can't retire on twoor$3 million in the US anywhere
decent.
Yeah.
But we definitely can in Mexicostill that is possible.
And they're taking action andthey're, they're finally
starting to.
To come here more and more.
Speaker 2 (29:38):
And then they come to Mexico before it's too late and
then they come to Mexico, getthe immigration done, you know?
So they have that residency intheir back, in their back
pocket.
Yep.
Pocket.
Because Mexico is one of thecountries that does allow you to
do that.
There's a couple others, butMexico is one of the most
well-known ones.
Um, and then they come to Mexicoand what's the first thing they
start asking us?
We just had clients here andthey're like, oh my gosh, the
growth here is crazy.
(29:58):
Yeah.
They wanna buy real estate, theywanna invest, they wanna buy
real estate.
They wanna invest because theysee how Mexico is having a
growth economy.
In comparison to what's goingon, um, in the United States.
And the final point,'cause youbrought up, uh, you know, Asia
and the Middle East, and I don'tknow if a lot of Americans know
this, right?
Is the Middle East is alsopumping a lot of money into tech
and finance, so maybeAbsolutely.
Speaker (30:20):
The, yeah, the Middle East is, is.
Uh, Qatar and Saudi Arabia andthe UAE, they're, they're
putting tons of money, tons oftechnology.
Tons.
They're turning tons.
Yeah.
These deserts into data centers.
Speaker 2 (30:30):
Yeah, that's, I mean, so now what's gonna happen?
They're
Speaker (30:33):
planting data centers everywhere, so
Speaker 2 (30:35):
now the talent, so then they could do a play as
well in the Middle East and belike, Hey, talent, and it just
got a lot harder for you to goto the United States.
Why don't you start coming overhere, over the Gulf States?
And they already
Speaker (30:46):
are.
They're making it easy forpeople to start businesses
there.
Speaker 2 (30:49):
Yeah.
So basically what you're sayingis like your theory of this
whole thing is like it's a giantdistraction to keep Americans
pacified, basically.
Speaker (30:58):
I don't know what Trump's thinking, right?
I, I don't know what Trump'sthinking.
I don't know what theadministration's trying to do.
I genuinely believe there's achance.
Again, and this is because I'm,I, you know, I'm, I'm a little
bit of a, an old soul perhaps.
Like maybe they're trying to dothe right thing and maybe it's
guided by genuinely trying tohelp the American people.
I think that's a possibility.
Do I think that's likely?
(31:18):
I don't know.
It's, it's, it's like 50 50maybe.
Speaker 3 (31:21):
Yeah.
Speaker (31:21):
So maybe there's a, there's a part there that
actually is genuinely trying todo something to help the economy
for whatever reason.
That may or may not also bepolitically motivated, but
that's okay.
Like maybe there's somethingthere where they're like, we
wanna, we, we wanna help people.
We think this will help people.
That doesn't mean that the mathis good math.
Speaker 3 (31:38):
Yeah.
And
Speaker (31:38):
that's what's really important in all this.
Is it actually gonna work?
Does it follow us onmacroeconomic policy?
And I don't see the tariffsworking.
I don't think this is going towork.
Speaker 2 (31:46):
Well.
They've, they've, um, what's theword?
They've extended the tariffs onChina like a bunch of times.
The deadlines by now.
The deadlines and all that,because China's playing ball.
Speaker (31:55):
Well, they're already, I mean, now it's already cheaper
for us to buy things, a lot ofelectronics to buy them in
Mexico, shipped directly fromChina than it is.
To buy them in the US
Speaker 3 (32:03):
because of the tariffs,'cause of all the
Speaker (32:04):
tariff, the tariffs, and the speculation about the
tariffs, which is significantlyincreasing the, the cost of all
of these different partsthroughout the supply chain.
Speaker 2 (32:12):
Yeah.
And for those of you who don'tknow, like whenever we would go
to the United States, it wasknown that technology, it was
cheaper to buy tech things inthe United States than Mexico.
Mm-hmm.
By a lot.
By a lot.
And now because of the tariffs,we're starting to see the
reverse on on some things.
So that's an interesting thingthat's happening.
As well.
Yeah.
The tariffs haven't seemed towork out the way that, that he
(32:33):
wanted them to.
But again, it just goes back tothat idea of, you know, this may
not be sound economic policy forthe world that we're living in
right now.
Speaker (32:43):
And that seems to be, I don't, I don't, it is, I think,
I think think it's either, Ithink it's either that the
people that are in charge in theUS genuinely still somehow
believe that we're living inthat unipolar world and they're
acting based on that.
Assuming that they are takingthe interests of the US
population into account, whichis arguable, right?
But let's give them the benefitof the doubt there and say that
(33:05):
that's option one, which is thatthey're genuinely taking that
into account, but they'reoperating from a misguided point
of view that may have, may havebeen true 20 or 30 or 40 years
ago, but isn't true today.
And then option two.
Is that either it's a deflectionand or what they're doing is
(33:26):
they're trying to keep the USpublic believing that we're
living in that unipolar worldand that America is still the
best, but we're not, and that'swhy this makes sense.
Right?
Speaker 3 (33:36):
Right.
That's
Speaker (33:37):
why otherwise there's no way for them to justify that.
Does that make sense?
So, so it's almost like a littlebit of reverse psychology, oh,
we're gonna do this thingbecause it's gonna bring back
jobs, and if you believe thatit's gonna bring back jobs.
That means that your level ofthinking around macroeconomics
as it relates to the US is thatof that unipolar, we're the
best, we're on top, blah, blah,blah.
And so it keeps them in thenarrative of believing that
(34:00):
themselves.
That's another option.
And I think those are the onlytwo real sides of that coin that
make any sense personally.
Yeah.
Speaker 2 (34:08):
Well thank you.
'cause I really wanted youropinion on this.
You know, you having, you know,run businesses from multiple
countries, you having managedtech teams.
From multiple countries, beingfrom the Bay Area, which seems
to be the epicenter, um, of thiswhole thing.
And, and you've been seeing thisstuff your, your entire life.
And also just what we've beenseeing just from living and
traveling in other countries,like, oh, hold on.
(34:30):
Wait a second.
The, this math is not gonna workout probably the way that you
think, uh, it's going to workout.
And for those of you who areinterested.
Justin did do another videowhere he actually taught
companies how to circumvent thatvisa by hiring people through
Mexico, which we're probablygoing to see a lot more
companies doing.
(34:51):
So thank you guys so much forgiving us.
Your time today.
Many of you have been askingabout these Visa policies and
things like this, so we justwanted to bring this
conversation to you.
Once again, if you have over amillion in liquid net worth, we
can help you with relocation,investment opportunities, real
estate, you name it, just go toentrepreneur expat.com/consult.
That's also for those of you whohave businesses that are over
(35:13):
seven figures, and you may needto figure out how to move
abroad.
Um, but you gotta figure out theissue.
You gotta figure out thebusiness first in order to be
able to more easily.
Move abroad, whether it'sselling it or putting management
in place or moving it online,you guys can use that link as
well.
And if you do not meet that, uh,requirement, don't worry.
(35:34):
We have a ton of resources foryou.
Make sure to subscribe to thisYouTube channel because all the
content here is free.
We try and bring as mucheducational stuff to you guys as
possible.
Um, in addition to that, we havea lot of resources in the
description.
Anywhere from free guides.
To courses that you can take,courses that will help you move
to the country that makes themost sense for you, because
(35:55):
Mexico makes sense for us rightnow.
Doesn't mean it makes sense foryou, the viewer, based on your
situation all the way to, youknow, how do you make more money
online so you can qualify forvisas all over the world.
Thank you so much for giving usyour time today, and we'll catch
you on the next one.
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