all pay discussions must be qualified with details to whether it is a payment to a contracting company or the contractor or an actual salary with benefits. most foreigners will read your comment and think you are talking about contract payments while us citizens think you are talking about a salary with health and other benefits.
I'm not sure that it entirely matters. 8x minimum wage is already higher than most h1b make. It's about establishing a floor for not abusing the class for cheaper labor. Some companies will still be organised and pay less than others. Nothing would change that without a huge bureaucracy.