H1B Crackdown on Indian Workers Erodes Texas Real Estate Boom

> Anand was on an H-1B visa, working at Citibank through an IT-staffing firm called Iris Software, often 12 to 15 hours a day. Narayanaswamy was a human resources generalist. In August she came home to find her husband crying. He’d been laid off, which meant he could lose his visa if he couldn’t find another job quickly. About a week later he died by suicide. In his final note he wrote that he feared he couldn’t compete with AI. (Iris Software didn’t respond to requests for comment. A spokeswoman for Citigroup declined to comment.)

Who is at fault? The companies and body shops exploiting this labor? Or those collectively who believe these visa programs should be downsized or eliminated entirely? Exceptional? O-1 is your path. If the role does not require exceptional talent, these companies can absolutely find a US worker out of 100 million people, they simply do not want to (to hold labor costs down and to employ folks in precarious employment arrangements that make it more likely they will do whatever you demand).

I argue its a positive real estate prices are going down because of demand destruction for exploited imported temporary immigrant labor, but other mental models may differ.