[pekk]

Very basic economics says that a greater supply of people willing to work at a lower wage (as many H1Bs) will reduce the market wage.

"Somewhere along the line, the H-1B program got side-tracked. The program was never meant to replace qualified American workers, but it was instead intended as a means to fill gaps in highly specialized areas of employment. When times are tough, like they are now, it's especially important that Americans get every consideration before an employer looks to hire from abroad" - Sen. Chuck Grassley

[jdminhbg]

> Very basic economics says that a greater supply

That explains why income and GDP keep going down the more people are born.

[aristidb]

Labor economics are anything but simple.

[edderly]

It's a rather naïve conclusion. If the job is relocatable the supply of workers who remain abroad will also reduce wages too.

[altcognito]

> If the job is relocatable

I've seen many, many, many corporations come to the conclusion that they are simply not able to manage resources abroad. They can barely handle them locally, let alone when there is many thousands of miles and a language barrier between them.

[edderly]

Of course. I think a lot of companies don't want to offshore some engineering jobs, however, if push comes to shove they'll do it. I'm not sure a government mandated limit helps this not occur.