H1B isn't capped by skill or position, only by total visas, so I'm not sure what you're talking about with exotic skills.

H1B applicant wages must be higher than existing U.S. citizens, so if anything it's increasing average wages for educated labor and further incentivizing citizens to train for these skilled positions.

To use h1b you have to prove you have no native applicants. You get around that by putting stupidly specific skill in the job spec.

It would cap wage growth for people in the sector, because instead of increasing salary to attract candidates they search abroad for the same wage. It's a cap on wage growth.

>To use h1b you have to prove you have no native applicants

Completely wrong.

It's not capping wage growth. If anything it's incentivizing wage growth by making positive growth more liquid than negative growth.

"If anything it's incentivizing wage growth by making positive growth more liquid than negative growth." I'm sorry but most evidence says it reduces wage growth that particular area of employment.

It may increate economic growth overall, but those particular workers targeted get screwed.

This is why I think it should equally open for every sector, (Everybody gets screwed equally, which means prices will stay down) or bidding.