Earlier quoted context omitted.
"America is built on the backs of immigrants and having maximum quotas for the immigration of the highest skilled ones does not seem like artificially increasing the supply." I mean artificially increasing the supply relative to other professions . If we "staple a green card to every STEM degree" but not other degrees, we will increase the supply of STEM workers relative to lawyers, MBAs, finance majors, and so forth…
Just as a side note: the green card is by no means stapled. It's an immensely difficult upward battle, with an emotional and financial expense the likes of which most domestic workers never go through. The H1-B is not selective for a specific set of professions per se, it's selective for professions requiring expertise and at least a bachelors degree. Official USCIS requirements: "-Bachelor’s or higher degree or its…
http://www.nytimes.com/2012/09/27/opinion/visas-for-scientis...
In spite of my misgivings about what I think is a contrived shortage, I would support this legislation, mainly because I think it is extremely destructive to kick out highly educated people who have studied at US universities, and I'd much rather see green cards than visas that I think are indentured in nature. It does frustrate me, though, to see this happening only in science and engineering. Why STEM? Why not law, or medicine, or even trades like plumbing? I just paid $100 an hour for a plumber (and want to be sure I'm not perceived as complaining, plumbers are skilled workers who deserve good compensation).
I think it failed more because of political bickering than anything else.