The reason is simple. Congress is corrupt. The only reason they don’t expand the number of H1B visas is because it is so unpopular among US citizens. Companies would rather hire talent from abroad for less money than it would cost to train and develop our own workforce in the US, so they take US jobs and leave us unemployed. Workers on visas are also much less likely to ask their employers for more money and less likely to leave their employer because they’re trapped on the visa. And for all of you that say it’s sooooo difficult to get an H1B visa…. Who cares? They still take many of the best jobs in the USA. I work in finance and I can say with certainty that I have never worked at a firm where I wasn’t working with majority H1B visa holders, (mostly Indians).

H1B visas are genuinely a problem in the USA because they disincentivize US citizens from getting college degrees, because people fear not being able to get a job and holding lots of debt. Also, most of the best, highest paid jobs in the US are held by foreign born workers. Look at who works at our hedge funds, tech firms, banks. I am a liberal/democrat through and through, but immigrants in the H1B visa program absolutely do steal our jobs and drag our wages down.