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This study also debunks the idea that companies hire H-1Bs to save money. “H—1B filings at U.S. technologies declined when companies hit hard times, undermining the perennial assertion that H-1Bs are hired as 'cheap labor.’”
The study further found that “preventing companies from hiring foreign nationals by maintaining an artificially low limit on H-1B visas is likely to produce the unintended consequence of pushing more work to other countries. Sixty-five percent of technology companies responding to an NFAP survey said in response to the lack of H-1B they had 'hired more people (or outsourced work) outside the United States.”