Earlier quoted context omitted.
That seems like a fair way for the free market to address things, no? If you need special carve outs, create a new type of Visa for those special cases. The immigrants are all going to be paying taxes on their earnings. If you can boost H1B salaries by an average of $20k/yr by doing a price auction, that brings govt revenue and maybe even gives opportunities to balance the budget by creating more H1B slots.
What do you mean “fair”? What happens in the years/decades between when this hypothetical system is enacted and when the US can train up sufficient workers to substitute the labor force we currently have with H1-B? Your proposal will mean 99% of all of the H1-B allocation will go to hedge fund quants and 1% maybe go to an AI researcher, but all of the materials science (eg. Cutting edge battery tech), semiconductor f…
A lot of H1Bs are not working on anything you described though.