Re:Study: Immigrants Founded 51% of U.S. Billion-Dollar Star...
by simplyluke on Monday March 13, 2017 @01:33PM
(#13860148)
There's growing evidence [1] that even when used by american tech companies H1Bs are largely being used to suppress wages of technical laborers (us). From a purely economic perspective, if you could pay someone on an h1b $80k when it would cost you $120k to hire an american, why would you hire the american? Tech CEOs calling for more H1Bs has very little to do with their politics and morality and much more to do with reducing one of their largest costs (labor).
1: https://gspp.berkeley.edu/assets/uploads/research/pdf/h1b.pd...
American companies aren't completely off the hook though, for example in WA, AT&T and T-Mobile don't hire many international students from universities, instead they prefer to bring in employees from HCL to work on H1-B visas.