There is a new study out by Programmer's Guild founder, John Miano, H-1B Visa Numbers: No Relationship to Economic Need.

I wrote a piece earlier on FET (Fictional Employment Theory) which is currently being touted by corporate lobbyists as well as our Political leaders, which tries to claim displacing US workers somehow creates jobs.

Summary
As the annual H-1B quota gets exhausted, industry groups claim that the huge number of H-1B visa applications demonstrates that more H-1B visas should be available. However, comparing the number of H-1B visas in their largest represented occupations (computers and engineering) to the number of jobs created in those occupations presents a different picture of the H-1B visa program. This study examines the relationship between the number of H-1B visas and job growth. It finds that the number of H-1B visas approved in these fields greatly exceeds any reasonable number reflected by economic demand.

Key Findings

* There is no cause and effect relationship between H-1B visas and job creation. Adding H-1B visas does not create additional jobs for U.S. workers.
* Since 1999, the United States has approved enough H-1B visas for computer workers to fill 87 percent of net computer job growth over that period.
* Since 1999, the United States has had a net loss of 76,000 engineering jobs. Over the same time period, the United States has approved an average of 16,000 new H-1B visas each year for engineers.
* If current employment trends continue and the H-1B quota remains unchanged, the United States will approve enough H-1B visas for computer workers to fill about 79 percent of the computer jobs it creates each year.
* Pending legislation would increase the number of H-1B visas for computer workers to above the number of computer jobs created each year.
* The data suggest that a large percentage of those who legally enter United States on H-1B visas go into the illegal alien pool.

I'm glad he researched this with the facts. He's written other papers which are well done, well cited.