hashish16 writes: Has the decline of the H1B visa's issued in the US after 9/11 resulted in the recent boom of the Chinese and Indian economies in the past 10 years? Both countries saw a build up of talent, particularly engineers, over the past decade that would normally emigrate to the US under an H1B visa. Sure they would send money back home, but they were still driving the economy (buying homes, shopping, and working) which would in turn create jobs here.
This is my question, did our largest Tech companies have to go where the talent is? Companies generally want to remain centralized because its cheaper, rather than extending their operations abroad and having to pay for travel and communication expenses. I do not think cheaper labor drove these companies abroad because the costs for setting up operations coupled with the increasing salaries in India and China wouldn't seem to net that much a profit.
Could have our our policies regarding H1B visa result in the recent boom in India and China and the current decline in America? Could our economy be in a similar state if the financial crisis did not occur or was avoided because of the attrition of tech companies?