[optiminimalist]

It's surprising that most commenters are concerned about immigrants from India who are taking away jobs from Americans at artificially low wages.

What about skilled engineers from a less represented region such as Europe? There's plenty of us who are gladly hired/sponsored by Silicon Valley start-ups and paid the same wage as the American employees. In the current climate it feels that start-ups are hiring every skilled person they can find, no matter if US citizen or not. I, personally, really don't feel like I'm taking away anyone's job. Yet, we still have to compete for visas with the huge corporations that "import" cheap labor from elsewhere.

Merely increasing the number of visa wouldn't help - the big corporations would just flood USCIS with even more applications.

I think an H1B reform is absolutely necessary, but maybe in the form of a quota. Either on a per-country basis (such as the diversity greencard lottery) or, better perhaps, on a per-company basis so that only a certain proportion of visas can be allocated to a single company.