It's indentured servitude at best.
This is also why companies like H1-B visas so much ... the company holds the visa; the company can coerce the workers to work more hours for no additional compensation under threat of pulling or not renewing the H1-B visa.
The Globalists want Open Borders for cheap, indentured, and enslaved labor. We live in a new Guilded Age of High Tech and Wall Street Robber Barons.