I think that the issue is not the H1B system itself, but how the system has been used and abused over the years. The VAST majority of the visas go to workers coming from a certain nationality, AK's country of origin. Some facts:
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Over 70%: In recent years (e.g., October 2022 to September 2023), this figure has been over 72% of the visas went to Indians.
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While the overall annual cap for new H-1B visas is 85,000 (65,000 regular cap + 20,000 for those with a U.S. master's degree or higher), the actual number of approvals is often much higher due to 'exemptions' for certain employers like universities.
So, there isn't much left for foreign citizens trying to come / get hired from any other country.
A few articles below.
The H-1B Visa System: Exploitation Masquerading as Opportunity - https://www.linkedin.com/pulse/h-1b-visa-system-exploitation-masquerading-patrick-j-mullen-sorze
The Struggle of the H1B Visa: How Employers Abuse Employees and the US Immigration System Makes it Worse - https://www.linkedin.com/pulse/struggle-h1b-visa-how-employers-abuse-employees-us-badar
The US boasts the highest number of Nobel laureates globally, exceeding 420 individuals.
India has a smaller number of Nobel laureates, with 12 recipients (out of which 3 if I remember correctly are Peace and Literature). About the same number as Australia which is a much smaller country (population).
The US is home to the largest number of AI companies globally, with around 12,418 companies as of July 2025. Other sources suggest the number could be around 29,618 in 2024 (AI generated data)
India has a significantly smaller number of AI companies, with approximately 1,324 recorded in July 2025. Another source states a figure of 8,178 for 2024. While the numbers differ across reports, the gap remains substantial (AI generated data)
The H1B system can be good, IF / WHEN used adequately. It's like Medicare and Medicaid. They fail not because of what they can do, but how they ended up being executed, implemented and/or rigged.
We need to go back to a system that allows for more Albert Einsteins to get in (although he came with an "extraordinary talent" visa, not H1B).