I don't buy the notion that every H-1B visa worker creates jobs. Taking the fact that some of the most talented individuals who come in under H-1B create jobs does not mean that they all do or that they create jobs on average. That is the Fallacy of composition described at http://en.wikipedia.org/wiki/Fallacy_of_composition as follows:
"The fallacy of composition arises when one implies that something is true of the whole from the fact that it is true of some part of the whole (or even of every proper part)."
> Also: if you keep all those people out, the companies will end up going where the talent is.
No, many of those hotshot CEOs (many of whom, like Zuckerberg, were born on third base) would have already moved all of their operations overseas if cheap labor was their only goal. They realize there are problems with doing that. First of all, they would have to constantly travel to the foreign sites to meet with the natives. They are also likely aware that it would just be a matter of time before the natives found a way to overthrow their American overlords and install their own people in charge. Finally, they realize that it would look unpatriotic and greedy to move their entire operation overseas. Instead, they just seek to buy influence in Washington D.C., push to loosen the H-1B laws to bring in more cheap labor, and make phony claims that this is necessary because there aren't enough American workers to allow their genius to take full bloom.
I don't buy the notion that every H-1B visa worker creates jobs. Taking the fact that some of the most talented individuals who come in under H-1B create jobs does not mean that they all do or that they create jobs on average. That is the Fallacy of composition described at http://en.wikipedia.org/wiki/Fallacy_of_composition as follows:
"The fallacy of composition arises when one implies that something is true of the whole from the fact that it is true of some part of the whole (or even of every proper part)."
> Also: if you keep all those people out, the companies will end up going where the talent is.
No, many of those hotshot CEOs (many of whom, like Zuckerberg, were born on third base) would have already moved all of their operations overseas if cheap labor was their only goal. They realize there are problems with doing that. First of all, they would have to constantly travel to the foreign sites to meet with the natives. They are also likely aware that it would just be a matter of time before the natives found a way to overthrow their American overlords and install their own people in charge. Finally, they realize that it would look unpatriotic and greedy to move their entire operation overseas. Instead, they just seek to buy influence in Washington D.C., push to loosen the H-1B laws to bring in more cheap labor, and make phony claims that this is necessary because there aren't enough American workers to allow their genius to take full bloom.