[georgehm]

This thought has been lingering since this ruling was sent to the OMB for approval. How will it affect existing H1/other wages? As the OP says, DHS is expecting 180k ead applications this year. Thats a large pool of qualified folks with potentially prior work experience. Thoughts?

[raincom]

Well, this helps Indian offshoring gaints like Infosys, TCS as they are struggling to find H1s to fill spots onsite. And the thing about Infosys, TCS, Wipro, Cognizant, etc is this: they just need warm bodies onsite for billable hours.

Yes, wages will be depressed in big corp software and IT. To what extent, I don't know.

Top tier talent won't be affected that much: but how many companies need top tier talent? Or how much the top tier talent constitutes US IT/Software market? Maybe, less than 10 percent.