I think there's a big misconception here on this thread, thanks to the poorly written WSJ blog post. Rep. Issa's bill only applies to companies which have more than 15% of their workforce of 50 or more on visas. That number is calibrated to affect outsourcing companies like Infosys, TCS, HCL, etc. So, while it's fun to jump on the "foreigners shouldn't work in America" bandwagon on this thread, this bill is not what…
Sounds awesome considering those body shops use up most of the H-1B quota and significantly underpay their employees compared to industry wages. For example, somewhere between 47% and 85% of H-1Bs are being significantly underpaid compared to their peers, evidence that the program is not being used to bring over workers with "specialized knowledge" as they claim--but to drive down wages. It makes sense though, when y…
While that might or might not be the intent, it seems like a pretty likely effect, right? Just based on the additional supply alone?
I wonder about the effect of cutting back H1-B visas too much. If it made salaries rise significantly, wouldn't it upset the social hierarchy of these businesses? Software devs being so scarce that they're getting paid more than executives, e.g.? Seems like working with more foreign software firms is almost a given if costs skyrocket like that.