I wish every one of these stories would talk about that there are at least a couple of different kinds of h1b's. Facebook mostly or only has employees doing real, original work. But companies like Tata just are hiring for basic, mostly non-creative IT work. The second category (I think) is much more likely to lead to displacement of native workers. It's at least much more questionable. But h1b's at Microsoft or Googl…
It's fairly clear to me that this would be beneficial for the long term success of the United States. It's unclear to me what it would do to short term salaries for highly paid software engineers. Would it lower their salaries due to an increase in supply of very talented software engineers, or would it raise their salaries as companies get into bidding wars over H1B visas.