"2. The "billions of dollars spent on patents instead of hiring engineers" argument is a red herring. Firstly, these companies cannot find enough "good" engineers to hire, which is why they're lobbying for more H1s. "
They can't find enough good engineers at below market price.
If you could find a good engineer if you paid 1 million dollars, than the "market price" lies somewhere between what you are offering and 1 millions dollars i.e. the price at which you can purchase a commodity on the market.
If I can't find enough gold at $1000 an ounce I wouldn't be correct in saying that "I can't find gold". (The market now is ~$1200 oz.)
"2. The "billions of dollars spent on patents instead of hiring engineers" argument is a red herring. Firstly, these companies cannot find enough "good" engineers to hire, which is why they're lobbying for more H1s. "
They can't find enough good engineers at below market price. If you could find a good engineer if you paid 1 million dollars, than the "market price" lies somewhere between what you are offering and 1 millions dollars i.e. the price at which you can purchase a commodity on the market.
If I can't find enough gold at $1000 an ounce I wouldn't be correct in saying that "I can't find gold". (The market now is ~$1200 oz.)