An interesting article in the Economist makes the argument that the current H1B cap of 65,000 visas is not sufficient to meet the needs of corporate America, and boosting the quota to the previous level of 195,000 will create jobs and spur innovation:
“FOR the first time in five years, America’s immigration service will hold a lottery to allocate the visas it makes available to foreigners recruited by private business to work in the country. This is because applications for the 65,000 H1B visas it issues to corporate America each fiscal year, starting on April 1st, were expected to exceed the number available by April 5th. Five days is not the record for reaching the cap on business visas. In 2007 it took one day and, in 2008, two.”
For the full article, click here.