CERTIFIED - WITHDRAWN H-1B FY 2023

Token Economist

Gesso Labs, Inc. · Redmond, Washington

Case #I-200-22318-585961

Gesso Labs, Inc. filed an H-1B petition for a Token Economist position in Redmond, Washington at $184k per year — 37% above the prevailing wage of $135k. The case was certified in 9 days during the FY FY2023 cycle. This position is for continued employment.

$184k
Annual Salary
up to $269k
$135k
Prevailing Wage
+36.5%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-22318-585961
Case StatusCertified - Withdrawn
Visa ClassH-1B
Fiscal YearFY 2023
EmployerGesso Labs, Inc.
Employer LocationNashville, Tennessee
Job TitleToken Economist
SOC Code15-202100 – Mathematicians
WorksiteRedmond, Washington
Annual Wage$184k – $269k
Prevailing Wage$135k
Wage Premium+36.5%
Positions1 (0 new, 0 continued)

Timeline

Nov 14, 2022
Received
Nov 23, 2022
Decision
Nov 14, 2022
Employment Start
Nov 13, 2025
Employment End

More Filings from Gesso Labs, Inc.

Job TitleSalaryStatusDate
Token Economist $184k CERTIFIED Nov 23, 2022
Software Engineer $200k CERTIFIED May 18, 2022
Chief Architect $225k CERTIFIED May 12, 2022

View all Gesso Labs, Inc. filings →

Explore More

About This H-1B Filing

This Labor Condition Application (LCA) was filed by Gesso Labs, Inc. for the position of Token Economist in Redmond, Washington. The offered annual salary is $184k, compared to the prevailing wage of $135k for this occupation and location. This represents a wage premium of +36.5% above the prevailing wage.

The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.

Case status: Certified - Withdrawn. This means the employer or their representative withdrew the application.

Understanding This LCA Filing

A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.

Why Employers File LCAs

When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Gesso Labs, Inc. filed LCA case number I-200-22318-585961 to sponsor a Token Economist position at their worksite in Redmond, Washington. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.

What Wage Levels Mean

The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:

For this filing, the offered wage of $184k compares to the DOL prevailing wage of $135k for Mathematicians positions in the Redmond, Washington area. The positive wage premium of +36.5% indicates the employer is offering above the DOL-determined average for this occupation and location.

What is Prevailing Wage?

The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.

How to Interpret This Data

What Certified - Withdrawn Means for This Application

A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.

Processing Time

This LCA was received by the DOL on Nov 14, 2022 and a decision was rendered on Nov 23, 2022, a processing time of approximately 9 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.

Comparing to Industry Standards

The offered salary of $184k for this Token Economist position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 15-202100 (Mathematicians), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.

Frequently Asked Questions

What is the salary for this Token Economist position?

The offered annual salary for this Token Economist position at Gesso Labs, Inc. is $184k to $269k. The Department of Labor prevailing wage for this occupation and location is $135k. The offered wage represents a +36.5% premium over the prevailing wage.

Where is this Token Economist job located?

This H-1B filing is for a position located in Redmond, Washington. The employing company, Gesso Labs, Inc., is headquartered in Nashville, Tennessee.

What visa type is this filing for?

This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.

Who is the employer for this H-1B filing?

The employer for this filing is Gesso Labs, Inc., located in Nashville, Tennessee. Gesso Labs, Inc. filed this Labor Condition Application (case number I-200-22318-585961) for a Token Economist position during fiscal year FY 2023. View all Gesso Labs, Inc. H-1B filings.

What does LCA “Certified - Withdrawn” mean?

Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.

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