Just a quick post on something I find odd. The Washington Post wrote a story on the Economic Policy Institute's study on STEM workers. It contains a fair amount of information but it never explicitly mentions that a motive for the push for more H-1B visas might be to lower the wages for these workers, though it's an obvious implication of increased competition. Surprisingly, enough, however, the Wall Street Journal does make explicit that companies are using the H-1B to drive down wages and that talk of a shortage is little more than a way to protect this dynamic.
I don't have anything to add, I just found it a curious example of how much coverage of the same story can differ. The Washington Post did strongly hint at the implication, without really making it explicit. Yet, the generally more right wing paper did bring it up directly. Curious.
To add at least some real content it's worth mentioning the tangential topic of how strongly the US restricts competition in high skill jobs compared to low skill. While the H-1B program does allow some competition, many other fields, health care related in particular, face little competition. This is something we need to pay more attention to, though even if recognized its hard to see how eroding the wages of the few wage earners still getting good money will help much of anything. The deeper problem is the increasing shift towards capital income, which is terrible for the long term prospects of society (and entirely tangential).