The publication date on that paper is 1998, with an update in 2002: Don't you think the economic climate has changed since? (admittedly in support of your argument; but still, we might be due for another research.)

What is H1B for an employer: a young cheap worker putting long-hours for a company he can't leave for a few years in most cases.

It was true in 1998, it is true now.

This is a really great article. Take a look at these statistics

"However, outside of these subsegments, programmer salaries are not rising rapidly. Bureau of Labor Statistics data show that salaries of programmers overall - i.e. combining the ones who have currently-``hot'' skills and the ``ordinary'' programmers - rose about 7% in 1997. _If employers were desperate to hire, as they claim, they would certainly be willing to pay a premium of more than 7%._"

Great article. Thanks. Applicable to many other domains as much as to the one of the article.