Earlier quoted context omitted.
I am replying to those who make claims that H1B workers are being paid below market rate, hence driving down salaries. There is a minimum wage requirement as I mentioned which is approved by the state department of labor. Again, these "driving down wages" doesn't hold water when the H1B salaries are public information.
Ok, we've heard your proposition. Now make some arguments. Now show some evidence. For example, mean pay for a software developer in state of California is $119,970 according to Bureau of Labor Statistics [1]. What is the minimum wage required for a H1B software developer in California [2]? What is the actual mean pay? My instinct is that you are correct and H1B visas are not driving down salaries- but thats just a g…
How many years of experience (0,5,10,15,20?)? What is the education level required (PhD vs bachelors/masters)? It's not as simple as "H1B software developer in California" nor are the salaries. They vary between companies (eg., Netflix pays more than Google)
In any case, here you go: http://h1bdata.info/ You can check what your H1B colleagues make based on their job title.
Edit: To x0x0, I'm not going to parse out data for each and every company, I have a day job you see :) I've worked for four companies (public and private), and I see that the wages are comparable to local workers (of those who chose to share their wages) and the established market rate by the state dept. of labor for the said job title. Somewhat anecdotal? Yes. It is definitely better than a blanket "H1B drives down wages".