It seems like only 63 companies have an average salary above 130k and 1937 companies have average salaries below 130k.
With only 11641 H1b's being at companies with an average salary above 130k and 476425 below the cap.
So this is going to free up a bunch of h1b's at the top end of the sepctrum.
1. The American company that wants to save money
2. The Middleman (e.g. Wipro etc) that wants to make money on the wage arbitrage
3. The foreign worker on the H1B
4. The American citizen that doesn't want to be replaced by the foreign worker
I'm all for cutting out (2) and making it easier for the foreign worker (provided they have the skills) to become an American and not beholden to (2). However, I don't like the American companies saving money on the backs of American employees losing their jobs. How to balance everything is the tough question.
People even apply it on a more local level, like "why don't Amazon and MS hire more UW grads instead of bringing in transplants from all over the country?"
Amazon could hire 50% of UW CS grads and MS the other 50% and it wouldn't be enough to fill their needs.