The visas certainly contribute to the problem, but I think these factors are more important:
1. We have been encouraging far too many kids to go to college relative to the demand for college graduates.
2. The graduates are generally less productive than those of prior generations, due to grade inflation, declining work ethic, racial/sexual quotas, and bad majors.
I left being a COBOL programmer back around the turn of the century because American ones were billing out at $75 -$100 an hour and the indian ones were billing at $17. I needed to do something that they couldn’t do. Something communication intensive.
I’ve been a Business Analyst ever since.
Damn this makes me so angry to read things like this! A century ago if a politician or a business “leader” sold out their own people the way Disney and Facebook routinely do with the h1b corruption, the politicians and crony-capitalists would be dragged out to a forested area with a set of neatly tied ropes dangling from nearby trees as a warning about the price if they kept up with their treason. Either that, or they’d be run straight of town on a rail. Traitors is what these bastards like Mark Zuckerberg and Sheryl Sandberg at Facebook, Bill Gates at Microsoft and Robert Iger are, and worse than almost any other kind of traitor. The people and institutions of the United States is what made them rich in the first place, and then they turn around and backstab their own country like this.