Their mere presence lowers the value of every other tech person in the field. They expand the pool of workers lowering the value of labor. It is simple supply and demand & everyone with a functioning brain knows it.
The program needs to either end or go through a massive reform requiring that any H-1B holder receives a minimum of 200% of the average tech worker in their field. That will lower the incentive to flood the market with these high tech Indentured Servants.
A majority of Native STEM graduates do not work in STEM. That alone is proof. almost 74% according to the U.S. Census. Does that sound familiar? It should the lead of the story is 71% of STEM workers in the Valley are FOREIGN BORN.
Why would someone invest tens of thousands of dollars in a STEM field only to work in a service job? They wouldn’t. They have been told of the plentiful jobs available in STEM only to find out that they are all filled by foreign slaves who have their Visas held hostage by their slave masters.
This program is nothing but a scam. It is worse than corporate welfare! It subsidizes the profits of the Worlds most profitable companies while lowering the value of American labor. That lowers the tax revenues of the government. The Visa holders also send Billions of dollars in remittance back to their home countries every year causing a massive transfer of American wealth out of the country. So instead of that money going to buy something here and increasing the local economy , it is increasing the economy of India or China.
Everything about it is a detriment to our economy and our country. It is a massive scam!