Wage depression among masses of low-skilled workers is a very serious problem.
Wage issues in the top 10% is another dynamic entirely.
H1 abuse is actually concentrated in companies like Infosys and Tata - they are Indian companies who just want to bring in cheaper people from India without any other consideration.
They hire the most H1s.
If we're not ending H1-B, then at the very least, InfoSys and Tata should be banned from participating.
IMHO:
In addition to being socially destructive for American workers, H1-B has essentially become a trade route for Indian workers to come to the US.
I think most Americans know that we're not getting the best and the brightest from India. If we're bringing in 60k foreign workers per year, and ~80% of those are from India, then that's ~48k workers.
There's no way on Earth that all of those 48k represent the "best and the brightest" of India / China. For the large companies, it really just amounts to having a supply of indentured servants who are trapped in their jobs, and then using those workers to negotiate lower wages for American workers.
Also, I do generally think that Tata is choosing the 'best people they can' from India. But again, it's a question of numbers and scale.