You can read here exactly what the terms of this are:
"The intent of the H-1B provisions is to help employers who cannot otherwise obtain needed business skills and abilities from the U.S. workforce by authorizing the temporary employment of qualified individuals who are not otherwise authorized to work in the United States."
H1Bs writ large do not have "market power" as you say:
"The law establishes certain standards in order to protect similarly employed U.S. workers from being adversely affected by the employment of the nonimmigrant workers, as well as to protect the H-1B nonimmigrant workers."
If we can't find talent in the 380k people laid off in the last 3y there is a problem.
As for abusers abusing it, you don't have to go far to read about InfoSys and Tata who have been taken to court over their misbehavior re:H1Bs. The system should be overhauled, so that it lives up to its intent. If we want to brain drain other countries, we should continue doing that. However hiring a person to run a 7/11 in a flyover state for 30k a year on H1B is clearly a violation. The data is public, look for yourself.
I'm speaking in general principles of what's right and wrong, what's good and evil. As much as the oligarchs want you to pretend that morality is relative and that it is only down to the laws as written, it isn't.
You can read here exactly what the terms of this are: "The intent of the H-1B provisions is to help employers who cannot otherwise obtain needed business skills and abilities from the U.S. workforce by authorizing the temporary employment of qualified individuals who are not otherwise authorized to work in the United States."
H1Bs writ large do not have "market power" as you say: "The law establishes certain standards in order to protect similarly employed U.S. workers from being adversely affected by the employment of the nonimmigrant workers, as well as to protect the H-1B nonimmigrant workers."
https://news.crunchbase.com/startups/tech-layoffs/
If we can't find talent in the 380k people laid off in the last 3y there is a problem.
As for abusers abusing it, you don't have to go far to read about InfoSys and Tata who have been taken to court over their misbehavior re:H1Bs. The system should be overhauled, so that it lives up to its intent. If we want to brain drain other countries, we should continue doing that. However hiring a person to run a 7/11 in a flyover state for 30k a year on H1B is clearly a violation. The data is public, look for yourself.