Comment "Successful" (Score 1) 282
If "successful" means importing high income people in large numbers to drive up housing costs, while not importing tradesmen, yes.
H1B and similar visas are a terrible idea once you realize what they do to the native population. By importing only the most skilled tech people you drive up labor costs, put pressure on housing, and worsen income inequality all while draining wealth from the host country as the immigrants send portions of their income to foreign family members.
The idea that a country will become rich by importing highly skilled workers is a myth.
We don't need to be importing migrants during a housing shortage.
And what has Sundar done for the USA? Cut wages, layoffs, and "improved shareholder value" whilst making the world a worse place for regular Americans who aren't invested in Google stock.
Microsoft has faltered, while contributing to a AI bubble and squeezing ads into Windows, invaded people's privacy, driving up RAM prices through shady investments.
I can see why this isn't "successful" but rather an abject Failure.
Creating high income households for foreigners at the expense of citizens isn't and should never be the goal. That is what has happened though, and this arrangement never benefitted average Americans.