Earlier quoted context omitted.
> Not to mention it would drive down wages for American jobs. There are a fixed number of slots in the program. Requiring the highest paid employees take those slots would mean immigrant labor would be costlier.
No, it just means that you have a set supply and the auction settles at a specific wage. Say you limit the supply so that only immigrants being paid more than $90/k yr gets approved. Now companies start laying off American citizens getting paid more than that in high-cost-of-living areas because they can hire replacement immigrants for $98/k yr. If you look at the purpose of the H1B program, it's not to play a number…
We control the supply completely, which means we control the price. We can set any floor, or regional floor we want, and we can keep the existing rules in place if we want as well.