Comment by cudgy

“why would the software industry, which has the highest prevalence of H1Bs, be the industry with the highest growth in salaries for basically the past 2 decades?”

Maybe because that’s just not true? Salaries have generally been stagnant over the last 20 years in real terms for most in the industry.

Most developers do not work at FAANG positions, and even those positions are only found in the extremely high cost of living areas like Silicon Valley.

Companies are always free to hire people from wherever they want. However, it could be foreseeable that “American” companies that are largely overseas, maybe at a disadvantage when it comes to taxes or other benefits conferred by the US government. Such companies may find that their products are subject to tariffs when trying to sell those products back in the United States or other active measures to prevent offshore positions. There is a risk as section 147 changes already has shown.