Look up the lump of labor fallacy. In fact, allow me: http://en.wikipedia.org/wiki/L... Labor isn't a zero sum game. More immigrants creates more jobs in the system.
Does the H1-B system need reform? Yes
Does the immigration system need reform? Yes
Does the L1 system need to be scrapped? Quite probably
Does slashdot circle jerk without getting the idea? Yep
Am I missing nothing? Yep.