That statement is deliberately deceptive:
(1) The H-1B Visa quota - per year - is 85,000, which includes another 20,000 visas for workers with M.S. and Ph.D degrees.
(2) The visa is automatically renewable for SIX years.
(3) Universities, non-profit research laboratories, and government agencies may hire unlimited numbers of H-1B’s, none of them count against the quota, and those visas are renewable up to TEN years.
(4) Foreign STEM graduates of USA universities may work in this country for up to THREE years by extending their Student Visas or by transitioning to Internship Visas.
(5) The most conservative estimate of H-1B workers now in the USA is 550,000. Record keeping on H-1B Visas is so defective that some estimates go as high as 750,000.
(6) The quota for H-1B Visas was dramatically increased in 1999. Since 2000, the median wage for USA Information Technology workers has been stagnant for 15 years.
I’d like to take a guess on the company I work for. Let’s see, 300,000+ employees worldwide, the U.S. contingent looks to be from 50-70% H1B and/or green card. The Indians tell me that the Muslims from Pakistan and Bangeladesh get green cards faster than them because of the rules. Either way, the American born IT worker is continuing to be let go or just not hired. Then you have the massive employment of foreigners not in the country by IT companies so they don’t need visas...we’re done for.