How is that clear, exactly? The empirical evidence shows the exact opposite. You can start reading here: http://nber.org/papers/w19315
The only way this disastrous situation will get fixed is with a year zero restart. The current set of interest groups are too entrenched for meaningful policy change. We need a period of zero immigration for five or ten years, after which other policies might be worth considering.
There most probably wouldn't be a need for any stricter policy after 10 years, for skill based employment. By that time, many companies would either move or have big offices in other locations in order to attract global talent so the US wouldn't be as attractive to come in anymore. Also, there are a lot of companies that are started by immigrants, so some other country is suddenly going to be a hub just like Silicon Valley now.
Looks like your proposal affects students too. That means a lot of folks like the Google and Yahoo founders. Do you even realize how much R&D at universities and companies is driven by immigrants?
Don't think it will happen? What if I tell you it's already happening to a certain extent even with the current policies?
http://www.infoworld.com/t/business/microsoft-vancouver-resp...
You don't think this is going to hurt employment in the US? If India open up immigration in response and Bangalore becomes a bigger startup hub than Silicon Valley, you don't think that hurts US workers? If US workers move out too, it's just brain drain that hurts the country.
There are a lot of synergies that come together to make technology hubs.
>Really, this would better serve both the foreign countries and American global interests.
How would large tech companies' IT workforces being international help American global interests? Imagine if other countries had access to all your internet searches and email.
But even if I'm wrong, I don't really care. The high skill tech stuff people on here fixate on is not relevant in the bigger employment picture.