Talent Wars Hit Home
By Jesse Freund

(Business 2.0) – Congress slashed the annual allocation of H-1B visas from 195,000 in fiscal year 2003 to 65,000 in 2004. The result? This year's supply of H-1Bs, which are reserved for use by skilled overseas professionals, was gone by February. When the 2005 fiscal year begins Oct. 1, another 65,000 H-1Bs will be up for grabs, and they're likely to disappear even faster. So long as outsourcing remains a political hot potato, the H-1B quota probably won't change. But will keeping it low really save jobs? Tech employers and HR managers argue that importing scarce talent can reduce pressure to outsource the responsibilities of entire teams of American workers.