[doosee]

Just curious as I recently worked with a handful of brand new H1Bs. I know they are in the $60-70K pay range. Would they be affected by imposition of a new law?

[Oatka]

while unemployment is not a problem in the United States, particularly in the IT industry

What planet is this guy from?

When I was working as a programmer, I talked with the wife of one Indian H1B. She told me that they worked her husband 70-80 hours a week, but only billed the client for 40, getting around the wage cap.

I told that to some big-name college economics prof and he said he didn't believe me as "it was against the law". Mother of God, what naivete.

[zeestephen]

How come there are no outraged Libertarians on this thread screaming about the new $130,000 a year minimum wage for H-1Bs?

[Pining_4_TX]

Many years ago I worked in a state employment office and I was assigned to review companies’ applications to bring workers over to the US. Companies who wanted to bring in foreign workers had to list the job first with the state employment agency. It was a total scam then. The job descriptions were written so narrowly that you could tell it would apply to almost no American job seeker. On top of that, the salaries were ridiculously low. The only people willing to work for those wages are people from 3rd world dumps.

[central_va]

However, while unemployment is not a problem in the United States, particularly in the IT industry, there was a growing clamour to plug this wage loophole for a while.

Riiiiight....