Yes that is the kind of abuse that needs to be tamped down. 100%. But the reason for the H1B system was never to let Infosys bring Indians to the US and pay them very low wages. It was to foster a welcoming environment for talented individuals, and it still does that even as it's being abused.

That is a different form of abuse from if only the rich could afford to bid. I think it is overall worse (see my other reply) - but I'll freely admit there may be some abuse I'm not aware of that makes my current alternative worse.

How did you make this observation? There's more than 500 thousand H1B holders, how did you analyze them to end up with this claim?

And how did you analyze them to refute it? That's essentially the point. There are no "skill checks" anywhere in the system. There is no proof that any H1B holders have any skills.

I made this observation by working in different companies and also looking at the statistics which companies apply for H1B. Amazon is far up and then Infosys, Tata and other body shops. Other tech companies are way down the list.