Earlier quoted context omitted.
The idea that those on H1B visas are bringing wages down for software engineers is a popular one. Is it supported by data? If it isn’t, this is just thinly veiled xenophobia. Personally, I think the more diverse groups have an opportunity to come to America legally, the better.
However anecdotal this claim may be, it seems fairly intuitive given the basic economic model of supply and demand. Can you explain how greatly increasing the supply of developers by importing them from overseas will not affect the demand, and therefore negatively affect the cost of labour?
Even with H1B, there are literally not enough engineers in the Valley to saturate the demand from companies. BLS estimates that the number of employed software engineers will go up 24% next year, that’s insane.
Also, I’m not seeing this supposed depression in salaries. The median salary for a software engineer is 103k a year: https://www.bls.gov/ooh/computer-and-information-technology/.... That number has been growing expontially in the last decade and a half.
So there’s data that shows that engineers are getting hired more and paid more than ever before. I can’t find any to prove that H1Bs are dragging down salaries.