If there truly were a shortage of developers, then their wages would be rising, yet they aren't, as the report in the article notes.
If I complained about a "shortage" of Ferraris while only offering to buy them new at the price of a Honda Civic, no one would take me seriously. But when Fortune 500 companies make the same complaints about labor, that they can't find great programmers while only offering $85-115k, the government responds with corporate welfare in the form of the H-1B visa. If there's really a programmer "shortage" at the wages offered, then employers should have to do like the rest of us and either pay more for what they want or do without and quit whining.
Disgusting that even here on HN people make excuses for this.