One day after Bill Gates went to congress to discuss H1B visas, a House of Representatives Democrat introduced a bill that would increase the number of H1B visas given to lucky foreign professionals that would have the legal opportunity to shine in US corporations. Is this good or bad for the US and foreign countries?

After opening his speech with the necessity for America to keep well qualified foreign professionals that graduate from our universities every year, Mr. Gates pointed out the fact that many schools are subsidized by American tax payers and in many of those schools, the foreign students are at the top of their class. Mr. Gates specifically stated that technology related students at the top their classes should be granted H1B visas, which are visas that are granted to foreign students with the opportunity to stay legally in the country as long as they work for a company in the field which they graduated.

Was Mr. Gates concerned with the wellbeing of tax payer’s money or the expenses his company would actually incur to contract foreign professionals, bring them from their country or even the eminent necessity to open offices overseas where these foreign professionals could work? Not to mention that this type of labor is generally cheaper than compared to a professional US citizen.

The question continues. What would be the best for US corporations, US professionals and foreign professionals?

Disclaimer: The opinions expressed herein are that of the authors and does not, in no way, represent the opinions of Magma Interactive, LLC.