Rubio's bill will make it worse. It is very disappointing that Sen. RoJo hasn't moved to repair these problems. But if RoJo believes that "cheaper is better", then Rubio's bill is just right for him.
The dazzling innovative power of the tech industry is one of the few remaining American comparative advantages. Unfortunately, Congress is on the verge of squandering that precious national strength.
U.S. dominance in technology has been due to our cultural flair for innovation, good old Yankee ingenuity. Yet, as currently structured, the H-1B work visa and employer-sponsored green-card programs are bringing in workers who tend to be of lesser talent than their American peers. Worse, they are indirectly displacing Americans. The result is a net reduction in the country's talent level.
Matloff goes on to PROVE that the "high-tech" industry lies about patents and R&D differences (US natives are a lot better at both); and that--actually--immigrants generally graduate from LESS selective colleges than US natives (one result of the 1990 immigration "reform.")
A 1989 internal National Science Foundation report forecast that the H-1B program, then in the proposal stage, would result in a flood of foreign students into U.S. doctoral programs. The report stated that this would cause wages to stagnate, driving American science, technology, engineering, and math students into finance and law--exactly what did occur.
Those who do stay in STEM then have financial disincentives against pursuing graduate work. A 2007 Urban Institute study found that we are producing far more STEM graduates at the bachelor's level than the economy needs, but that too few get advanced degrees. A Ph.D. student must forego an industry-level salary for about five years, only to find at the end that the wage premium accruing to a doctorate--held down by the large foreign influx--doesn't make up for that loss in lifetime earnings.
The impact of the foreign-student and H-1B programs has been to displace American students from STEM fields. Since the average quality of the foreign students is lower than that of the Americans, the result is a net loss of quality in our STEM workforce.
What this bill is REALLY all about is cheaper STEM labor. That's what the Rubio Act will get us.
Next time RoJo sends a fund appeal, send him $1.00. Cheaper is better, ya'know.