How EverTrue Hired Their First H-1B Visa Employee 13 years ago
This is not true at all.
First of all, it is illegal for a company to pay a H1B employee less than the "standard wage" for the position in question.
But leaving legal issues aside, a large proportion of H1B employees have actually completed their education at some of the top schools in the US and around the world. I have seen many of them quickly rise to the top of their teams and compensated more than many in the "local talent pools".
Disclaimer: I am another early H1B employee at a startup here, and my company has certainly not saved any money by hiring me instead of a citizen. I like to think that the value I brought in has more than compensated for the extra costs.