That’s the salary level at which h1b is uncapped. So ~70,000 h1b visas are allowed to make less then $60,000, but any amount can be approved if it’s “high paying” and above that salary. It’s supposed to make it so it’s more expensive to hire foreign talent, but that becomes irrelevant if it’s not actually high paying and most Americans demand well above that cap. Then there’s no incentive to hire Americans.
This is why a lot of people, even Elon, advocate for raising the cap to an actually high wage, and tie it to cost of living, because $60,000 in coastal California is poverty.
That’s the salary level at which h1b is uncapped. So ~70,000 h1b visas are allowed to make less then $60,000, but any amount can be approved if it’s “high paying” and above that salary. It’s supposed to make it so it’s more expensive to hire foreign talent, but that becomes irrelevant if it’s not actually high paying and most Americans demand well above that cap. Then there’s no incentive to hire Americans.
This is why a lot of people, even Elon, advocate for raising the cap to an actually high wage, and tie it to cost of living, because $60,000 in coastal California is poverty.