There is a quota of 65,000 for regular H-1B and 20,000 for holders of Master’s Degree or Higher in a fiscal year. This year the USCIS has received appx 5,900 H-1B petitions counting toward the 65,000 cap, and approximately 4,500 petitions toward the 20,000 cap exemption for individuals with advanced degrees so far.
But the March Madness which recently ended, embodies why we need H-1Bs. Our colleges spend way more on sports than on education. I had not heard of Butler until last year. And most people supported Butler over Duke. Cinderalla team? Sure. But we did not know about the existence of this educational institution unless there was NCAA Basketball. Same with VCU this year. There is nothing wrong with cheering for the underdog, until you realize that these are actually educational institutions. And the Coach at Butler or VCU gets paid far higher than any professor or researcher in those institutions.
In other countries there are no colege sports. College sports are not big businesses. Instead the money goes towards education. Thus we have serious, and more productive students who in turn make better workers, and hence the H-1B program.
Note to Butler, You had two turns, and still could not win. Next year funnell more money into research, so that your US Nwes and World Report ranking rises.