46% of the Fortune 500 was started by immigrants or their children.

US-based companies that depend on H-1Bs may:

- stomach the cost increase,

- reduce the number of H-1Bs they hire,

- move (the company) out of the US (i.e. to less imposing jurisdictions).

If companies choose the latter, the irony is the resulting reduction in US tax revenue from companies moving out could outweigh the gains in revenue from the $100k H-1B tax, thus resulting in lower US government tax revenues due to the change.

H1Bs are much less of a problem than the offshoring and outsourcing. I’d rather lure top talent to live in the US than ship jobs off to exploited contractors who work for nothing.

This is propaganda. CS new grads from Top10 are finding it tough to get jobs. There is lot of supply of smart CS grads within US. No need to hire H1Bs in the current economic situation which is different from late 90s when H1B program started.

Nobody here on HN seems to know much about the H-1B details.

Here are DOL's "Fact Sheets" on H-1B - https://www.dol.gov/agencies/whd/fact-sheets/62/h1b

Hire Americans!

Excerpts:

According to many economists, the presence of immigrant workers in the United States creates new job opportunities for native-born workers. This occurs in five ways. First, immigrant workers and native-born workers often have different skill sets, meaning that they fill different types of jobs. As a result, they complement each other in the labor market rather than competing for the exact same jobs. Second, immigrant workers spend and invest their wages in the U.S. economy, which increases consumer demand and creates new jobs. Third, businesses respond to the presence of immigrant workers and consumers by expanding their operations in the United States rather than searching for new opportunities overseas. Fourth, immigrants themselves frequently create new businesses, thereby expanding the U.S. labor market. Fifth, the new ideas and innovations developed by immigrants fuel economic growth.

Similarly, a recent study found that, between 2005 and 2018, an increase in the share of workers within a particular occupation who were H-1B visa holders was associated with a decrease in the unemployment rate within that occupation. Another recent study found that restrictions on H-1B visas (such as rising denial rates) motivate U.S.-based multinational corporations to decrease the number of jobs they offer in this country. Instead, the corporations increase employment at their existing foreign affiliates or open new foreign affiliates—particularly in India, China, and Canada. A study conducted in 2019 revealed that higher rates of successful H-1B applications were positively correlated with an increased number of patents filed and patent citations. Moreover, such startups were more inclined to secure venture capital funding and achieve successful IPOs or acquisitions.

The available data also indicate that H-1B workers do not earn low wages or drag down the wages of other workers. In 2021, the median wage of an H-1B worker was $108,000, compared to $45,760 for U.S. workers in general. Moreover, between 2003 and 2021, the median wage of H-1B workers grew by 52 percent. During the same period, the median wage of all U.S. workers increased by 39 percent. In FY 2019, 78 percent of all employers who hired H-1B workers offered wages to H-1B visa holders that were higher than what the Department of Labor had determined to be the “prevailing wage” for a particular kind of job.

The American economy is for the benefit of Americans. Period. We don't care what foreigners think about domestic policies of Americans and their elected leaders. This is something that should have been done a while ago. There are plenty of Americans that can fill these jobs. We have industries issuing layoffs while simultaneously requesting foreign labor. It's time to end this nonsense.

100K fee is godsent, the abuse had had to stop somewhere.

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