According to a USCIS Press Release: “U.S. Citizenship and Immigration Services (USCIS) today announced a preliminary number of nearly 163,000 H-1B petitions received during the filing period ending on April 7, 2008. More than 31,200 of those petitions were for the advanced degree category.”
Looks like a lot of Master Cap cases will be rejected this year. This means that we essentially train foreign students to a Master level, US employers want to hire them for at least the prevailing wage, and these individuals will have to either find an alternative visa category or accept a job in another country that welcomes the best and bightest from around the world. Seems like a lose/lose situation.