I think the existing system foments a covert lie-rewarding fear-inducing form of indentured servitude and depresses native nonmanagerial salaries of actual programmers.
I was told early in my career by at least two CEOs that I shouldn't waste my time doing programming (and should join the managerial class) because it would be done overseas or by low cost labor onshore. I do think it's a bummer for those hoping to move/live here from overseas and may slightly reduce US tech industry competitiveness, but it looks to me to be a removal of a capital-favoring wage-surpressing distortionary loophole in our immigration policy that at the end of the day is probably a good thing.
I was told early in my career by at least two CEOs that I shouldn't waste my time doing programming (and should join the managerial class) because it would be done overseas or by low cost labor onshore. I do think it's a bummer for those hoping to move/live here from overseas and may slightly reduce US tech industry competitiveness, but it looks to me to be a removal of a capital-favoring wage-surpressing distortionary loophole in our immigration policy that at the end of the day is probably a good thing.