I mean right now we hire people who already have work authorization. Right now we can't sponsor a foreign new grad who goes to Cambridge and has an IMO gold me

I mean right now we hire people who already have work authorization. Right now we can't sponsor a foreign new grad who goes to Cambridge and has an IMO gold medal because their H1B has a high probability of not being approved. We'll lose time interviewing and we'll probably lose other candidates while we wait. If H1Bs were allocated by pay then our H1B would probably get approved because we're really desperate to make those hires. Instead those visas go to megacorps who are not as desperate as we are. How do I know that they are not as desperate? They pay less. We are so desperate to make these hires that we are opening an office in a jurisdiction with friendlier immigration laws. This is extremely expensive in terms of direct costs. I also think we lose out on ad-hoc communication by not having everyone in the same office. The net effect is that the US loses out on a ton of tax revenue. Not only will the employees' personal taxes go to a different country, but taxes on some our profits will also shift to that country as the company will have to make transfer payments for the work done in the overseas office.