By definition any increase in supply of labor will lower wages somewhat. However, as I'm currently on an H1-B and being paid a pretty hefty wedge I suspect your

By definition any increase in supply of labor will lower wages somewhat. However, as I'm currently on an H1-B and being paid a pretty hefty wedge I suspect your assertion is wrong. In this market the only good engineers I see having problems looking for jobs are those who are unwilling to relocate or older guys.