There are a lot of companies in Silicon Valley that are categorized as “H-1B dependent.” That translates to they can’t exist without the H-1B program.
Here we go with the famous Free Republic static economic analysis. Because something is like it is now that will never, can never change. For instance high end IT labor. The supply is fixed and never going to grow if we end H-1B. Increasing wages and prospects won't entice more to go into the IT field. Wrong, It will.
What stupidity.