There are those, employed by the likes of AmaGooFaceSoft / Unicorns or graduating from mid-top tier universities, who will benefit by the proposed changes and who were indeed the "target audience" in mind when H1-B was linked to "getting high skilled immigrants in the US".
Then there are those who are transferred here in bulk by TCS/Wipro/Infosys/TechMahindra, who are paid the minimum H1-B wage possible, who jump from client to client across different states every now and then (true first hand accounts of my close friends) - these people are still mostly happy (cannot generalize though) to have the opportunity to work in the US for a few years and save, considering Indian salaries back home. While the individuals in this category might be getting a better deal, overall they become a pawn in "gaming of H1-B system" by Indian outsourcing companies.
Auctioning H1-B visas based on salary is a step in generally right direction. It may hurt low-paying industries relying on H1-B, but we can assess the impact on them and implement targeted fixes later if needed.