70-80% of H-1Bs are migrant server coolie workers for ultra-cheap mass labor camp shops. The Silicon Valley companies see the entire quota eaten up by those el cheapo slave drivers.

With a real salary floor, the qualified engineers that serious companies want to import will find it much easier to obtain spots under the quota. The low wage cheaters will be cut out of the lottery and productive businesses will get those slots instead.

It's probably the best thing that could happen to companies that want to import actual qualified smart engineers from overseas.