not having H1B foreigners like Elon Musk or Satya Nadella create/grow companies that employed tens of thousands Americans and created trillions of value for investors.
Remember it was White American Steven Ballmer who almost ruined Microsoft (he took MSFT at $620 bln and left at $280 bln valuation), and it took a foreigner like Satya to bring it to $4 trillion.
not having foreigners who could discover Attention mechanism or Transformer based models that led to AI boom.
US would literally be indistiguishable from Europe's lackluster development and growth, would you want US look more like EU ?
All of the wignats who complain and bitch about immigration completely forget or take for granted all the tech progress made in the US by foreign workers, and all the non-tech jobs that get created thanks to tech work being done by foreigners.
Just visit any graduate program in the top tier US university lab, visit any leading scientific conference, or lookup nationalities of top cited research papers, and imagine USA without all those talented people with foreign sounding last names.
That will be proper comparison
that American capitalists are stupid enough to overpay underskilled Americans, the moment H1Bs are banned or limited, instead of opening satellite offices outside US
The question is simply whether a policy would depress wages relative to not having that policy, and it's merely one of many factors that should be carefully considered when weighing the costs and benefits.
> All of these stupid anti-immigrant narratives
You reveal your own biases. Personally I'm originally from academia. I'm accustomed to a workplace where citizens are only barely a majority and of those many are naturalized immigrants. I have no qualms with importing labor that's significantly more skilled than the average american in cases where doing so benefits our society on the whole. Neither do I have qualms with filling jobs that are legitimately unwanted or that we truly don't have sufficient local talent to support. However I'll note that the last one there is exceedingly rare.