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by conanbatt 3266 days ago
I dont think corporations profit from the H1B in an economic sense. Some can, but only very few: that is, copmanies whose H1B situation allows them to have a higher range of profits than other companies in the same space that wouldnt have access to the same visa.

If immigration where free, or almost free, then these companies would hire even more people, and all others would also do it. The amount of immigration the tech sector would have if people could go to the us, stay 6 months to acclimate, learn and pick jobs, would skyrocket and would increase the talent pool for companies.

The great supporter of such restrictions are the people that think their own wage would be reduced if more competition were brought up. And they would be right to fear that in the short term. In the longer term, lower wages would also mean higher profits, thus higher capital which would eventually rise wages again.

Any immigration policy is more often than not a problem of bias and misunderstanding from the public, and a matter of voters for the politicians.