(A) The fact that silicon valley gets access to global talent which make sthe companies much more successful and massively increases the number of jobs available providing far more jobs for US citizens than if the visa program didn't exist
(B) The H1B visa holders are earning far more than they would get by remaining in their home country, and whilst they're bonded labour in the US they can always return to their home country leaving them at a minimum with a choice between a better job in the US or the same situation they had in their home country anyway.
(C) The US gains a bunch of highly intelligent, highly taxable employees who will likely eventually become citizens and can then create startups as well as providing a larger labour pool for the people who are starting companies.
All of your critiques are comparing H1B visas against some imaginary system where people can come to work in the US with no restriction, and let's remind ourselves these changes are from a thoroughly anti-immigration administratrion. The alternative to the H1B system is no H1B system, which is why it's been so difficult to reform. There is no law getting out of congress that reduces the restrictions on immigration.
If the alternative is no H1B that would be very bad for the US.
But I think there’s a middle ground where you can say let’s the keep H1B program but tweak it in a way that benefits the H1B visa holder and American citizens so corporations don’t take advantage of the talent shortage in tech
But xenophobia will not let that happen.
All companies started off by students who came for an MS/PhD & happened to be successful were borderline of the grey-area w.r.t. laws.
I agree 1000% with you on this -> H1B has been/is being abused by all companies (big and small) for a number of years at the cost of not only American workers but also the visa holders. The only ones benefiting are the companies that sponsor H1B visas by suppressing wages for everyone.
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It's bonded labor of people desperate to get into the western world and/or get into Silicon Valley/US tech scene
It only benefits large tech companies
A) US citizens have lower salaries (lucky ones) or don't get jobs (unlucky ones)
B) H1B workers are paid less and are bonded labor
C) US itself loses out because many of those people would have started companies
Do you want people starting PinDuoDuo, FlipKart, Meituan Dianping, Shopify type companies in US or in other countries?
Then why instead of letting these 'brightest people from around the world' become entrpreneurs in US
are you asking them to spend 22 to 35 being bonded labor for data surveillance companies like FB and GOOG???