Saying that 183 new jobs are created, sure ... what kind of jobs are they, versus the kind that are lost? If we're losing 100 software engineer careers and "gaining" 183 jobs flipping burgers, doing part-time retail sales, mowing lawns (those jobs are taken by Mexican illegas anyway), etc., is that really some sort of "advantage"?
H1-B's aren't the "immigrants" who are founding companies, btw, those are generally people who start out as legal permanent residents and become citizens.
It's utterly black and white. You don't dump your own citizens who are competent and educated on the unemployment line so that you can import two guys from India to take their place. This is the only country in the world stupid enough to do that.
That's not the entire picture. I listened to Ted's explanation. There is another side to this.
"...Economists have found that or every 100 H1B visas issued, 183 jobs are created for American citizens."
Jeesh, these politicians can't even parrot arguments that they've been fed correctly. The fact is, it was a single economist (not plural) who wrote a working paper that was published (and I assume funded) by groups pushing for increased H-1B caps. In any event, the 183 number is bogus. As stated at this link:
The study's results are dependent upon selecting a time span that includes the tech crash of 2000-2002, a time span that included steep losses of both native and foreign workers. However, if the 2000-2010 time span of the study is changed to 2002-2008, a time span with general job gains, the relationship reverses, showing a correlation between foreign job gain and native job LOSS.
You can find an analysis of the 183 number at this link.