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Notes -
100k per person per year. 100k per person per 3 year term, perhaps extensible to 6 years, would be more reasonable. This policy is bad because of the specific numbers chosen, the core idea ks fine.
An auction instead of a lottery would be better still, allowing the market to discover the price. Then you can mess with the cap until the market settles on a price you like. But I never particularly expected the government to listen to the economists here.
Also 24 hour notice is not reasonable here. That's just performative "fuck immigrants" posturing, which is par for the course for Trump but still disappointing.
$100k per person per year is totally reasonable. It wipes out the body shop business model, but a highly talented software engineer making $500k in TC at a FAANG will be just fine. This raises the bar for H1-B to the point where it will be used for what it was actually intended for, filling short-term gaps in highly specialized fields where demand vastly exceeds supply.
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