Previous threads we've done: https://news.ycombinator.com/submitted?id=proberts.
I know H1Bs working at $40/hour for jobs their American counterparts are making $75/hour. They can’t move to higher paying roles at other companies because of the visa.
Also the termed “highly skilled” is an absolute joke. I can teach a person off the street to be “highly skilled” in a few weeks, based on the standard of what “highly skilled” means in H1B.
H1B needs to be highly reformed. It’s the tech equivalent of hiring construction workers from the Home Depot parking lot and paying under the table wages. I am not generally a fan of tariffs, but I suggest a 100% tariff on H1B wages paid by the hiring company. And that tariff would be a sliding scale — the more H1Bs you hire, the higher the tariff. If you need that foreign engineer so badly, paying $100/hour shouldn’t be a hardship. That would incentivize hiring the American/permanent resident at $80/hour. We’d find that “shortage” going away pretty quickly. Drive up the costs of Accenture/Infosys/etc., to make them unattractive. The only reason those companies exist is to provide cheap labor to companies like Best Buy, etc. The money collected from that tariff can be used to fund tax breaks for companies that don’t hire H1Bs. H1B isn’t about highly skilled labor. It’s about “highly” skilled cheap labor.
As far as I know, H1B doesn't allow you to be an Accenture in India, and ship people to the US (even if they'd be at Accenture in the US).
That said, for companies like Best Buy, H1B is just a tool, and if they want to pay less, they will find a way to pay less. What they will not do is pay you more. Instead of moving people around, they might opt to move the office to a different country. Writing software isn't bound to any location, so maybe making moving people harder will just end up making moving offices more attractive, the net result being even less than what you have now.
Maybe it's pure corporate greed, or short-term thinking or late-stage capitalism, but I doubt it can all be pinned on some sort of migration abuse.