I find a couple of points interesting here:
His intent would be to change the economics of visa usage and encourage employers to hire U.S. workers.
But, if the US workers exist to hire, doesn't that mean the Visa's are being illegally used? We all know the answer to this. Yes, the US workers exist, but Executives seeking high bonuses naively succumb to the great American blunder that "cheaper-faster-better" is possible. If they really follow the promised features and expenses for the full life of the application (see below) they'll discover it wasn't cheaper, it wasn't faster, and it certainly wasn't better. Then the elite of IT management sits around scratching their heads as to why IT is soooo expensive!
Increases in H-1B wages makes "managing complex IT projects a lot more expensive,” Phil Fersht, the CEO and chief analyst at HFS Research
I'm guessing Phil never, ever tallied the cost of maintenance of these apps for the full life. I suspect Phil, like almost everyone else, stops the budget at the day of delivery; that wonderful celebratory day when incompetent Project Managers and Executives pat themselves on the back for delivering a fraction of the promised features "under budget and on time". The truth is, the subsequent "feature enrichment" (ie. completing the original project as promised) and maintenance costs of these poorly developed and managed projects is 1,000 to 10,000 times the cost of delivery.
The truth is, H1B and outsourcing never delivered all features with high quality "on time and under budget". But, the Managers and Executives still sloshed down champagne an spent their bonuses all the while vomiting mis-truths about the successes of their projects.