I'll just suggest that it's probably a great time for tech companies to open a Bangalore or Gurgaon office. Bangalore in particular is a good choice - the people are smart, the infrastructure is good, and it's a very pleasant place to visit. Perfect weather all year and the best breakfast in India. Also a very strong tech culture; second in the world to SF, in my view, and without many of the social pathologies [1] that seem to be threatening SF.
Rather than fighting with the legal system to replace one or two of your overpaid employees, you can replace entire divisions. It's certainly an investment of effort but it's well worth it.
Plus if you need foreign talent, as long as you pay $25k/year the visa is more or less guaranteed.
If the US wants to be uncompetitive, leave the US.
[1] Meritocracy is still considered a core value and a great thing. There's a lot less xenophobia - while many in US tech harbor negative feelings about immigrants "who took our jorbs", I've literally never seen the same negativity in the Indian tech scene.
Rather than fighting with the legal system to replace one or two of your overpaid employees, you can replace entire divisions. It's certainly an investment of effort but it's well worth it.
Plus if you need foreign talent, as long as you pay $25k/year the visa is more or less guaranteed.
If the US wants to be uncompetitive, leave the US.
[1] Meritocracy is still considered a core value and a great thing. There's a lot less xenophobia - while many in US tech harbor negative feelings about immigrants "who took our jorbs", I've literally never seen the same negativity in the Indian tech scene.