How Outsourcing Companies Are Gaming the Visa System

shakah writes: Pretty straightforward summary of how the H-1B Visa system is working in the United States. Particularly interesting for me was this clarification on the argument that "VISA holders have to make prevailing wages, so they won't depress wages":

Under federal rules, employers like TCS, Infosys and Wipro that have large numbers of H-1B workers in the United States are required to declare that they will not displace American workers. But the companies are exempt from that requirement if the H-1B workers are paid at least $60,000 a year. H-1B workers at outsourcing firms often receive wages at or slightly above $60,000, below what skilled American technology professionals tend to earn, so those firms can offer services to American companies at a lower cost, undercutting American workers.