I think most people who've dealt with the immigration system would think that that is naive. This administration has proven time and time again with regards to immigration that they will pay lip service to making improvements while almost always simply making life harder for immigrants and people on visas.
See: how they suspended H-1B premium processing for a while some time back, also claiming that it was in service of "overhauling" the H-1B system.
Except this time they didn't say they suspended H1B to "overhaul" the system, and that by the time it is over, we will get a new system. They just said they have longer-term reforms in that area in their plans.
Which makes perfect sense in my eyes, because swapping to an H1B system similar to what Canada has is a massive change. I don't see it happening on a scale that is shorter than 5 years from start to finish.
Not much different than 8 years of previous administration [1]. One good thing about this administration is that it hurts SV, and that might bring attention to the problem of Greencard backlogs, and the resulting indentured servitude and labor market distortions.
Also, note that the person putting hold on the bipartisan S386[2] bill is Sen. Durbin, a Democrat. So, please don't lay all blame for this situation at Republican's or President's doorstep.
[1] Executive Action: Support High-skilled Business and Workers -http://www.dhs.gov/sites/default/files/publications/14_1120_... [2] Fairness for High-Skilled Immigrants Act of 2019 - https://www.congress.gov/bill/116th-congress/senate-bill/386...
The problem is that the actual immediate actions don't reflect the message and cause chaos and uncertainty in lives of people whose futures depend on these work permits (ex: recent international student grads whose OPTs are expiring)
Only if you still believe the current administration
I have no reason to believe anyone will start “working” on this in an election year in the middle of a pandemic
TIf immigration is good, then you want as much as possible. If immmigration is bad then you want as little as possible. It doesn't make sense as a goal to say you want to limit something you want to get.
The second is that wage is a very fungible metric. It's a bad metric target because the economic value of a work to the country is not necesarily measured by wages. Clinical doctors make less than some categories of software engineers, but their value could literally save lives by cheapening and increasing access to healthcare.
And then you have a lot of ways to manipulate it: FAANG pays a lot with stock that does not show in the base compensation, so now the incentive would be to eliminate stock and increase salary, which can be tax inneficient and more expensive and inconvenient for the company and the employee. Then you can cut benefits: PTO, parental leave, health insurance. Then you can cut office presentism and hire contractors, etc. What a perverse incentive.
> It solves the whole issue with consultancy companies flooding the H1B pool with extremely underpaid bodies, thus making it more difficult for other people to get their H1B visas.
It solves them by reducing the underpaid persons wages to 0, because they become unemployable in the US. Why a software engineer making 70k is better by making 0? Senseless. This is a senseless discussion that only exists because a rule exists. This discussion makes no sense in hiring international contractors, importing software products or hiring internacional software companies, all solutions that pay less than prevailing wages and pay no taxes to the US.
Most countries run subsidy programs, campaigns, prizes to try to keep software engineers from going to the US, and the US keeps investing money in throwing that advantage away.
People want food to sustain themselves. But, for a lot of people, limiting the amount of food consumed and picking healthy foods over junk food is a good idea. You don't want just "any" food, you want the food that will sustain you and will be good for your health in long-term.
Additional, the best argument against limitation of immigration for labor is not that immigrants don't have rights, but that this is taking rights from Americans to choose. It is Americans that are being forced into hiring more expensively, or not at all.
I found this part to be the most interesting. If this current proclamation is a prelude to the overhaul of H1B system in a way that would make it work like described above, then it is somewhat exciting for a couple of reasons.
1. It would get it closer to Canadian system for work visas, which works as a point system that (I think a lot of people here would agree) is more preferable to how H1B works now.
2. It solves the whole issue with consultancy companies flooding the H1B pool with extremely underpaid bodies, thus making it more difficult for other people to get their H1B visas.
EDIT: after reading some replies, I feel the need to clarify what I meant. I am not saying "this H1B suspension is a good thing, because it means they will implement those other changes very soon" (because I don't believe this will happen). I simply meant that this H1B suspension aside, it would be great if that proposal for a giant H1B reform actually materialized, and I am glad it got mentioned. And no, I am not holding my breath that it will happen soon, but I am just glad that it seems to be getting some traction.