This isn't the same issue as outsourcing unskilled labor. Does anyone have proof that foreign workers get paid significantly less for a job in IT? Our universities are bringing these students in and spending (many times public) money to educate them. We'd like to think that these are the best and brightest from abroad, although where I am I'm not too impressed with many of the international graduate students I've met. Either way, these companies naturally want to hire the best workers--and that's good for our GDP. If international students are more qualified, then what do you expect?
And I defy you to find a biochemist without a high school (or college) education. I agree that the degree is just a sheet of paper, but I couldn't imagine getting that kind of education (especially learning how to work in a lab) outside a university setting.
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