"The Masters in US is gamed too. Many of those students are the ones who could not clear the campus interviews of Infosys, Cognizant or Accenture when they were in the college for Bachelors. So they come to "study" MS in the US so that they can get into the H1B system easily."I don't mind a bit of cynicism but this is absurd. Why the hell is "study" in scare quotes? It's a pretty standard thing for fresh graduates to better their chances for employment by getting higher degrees.
"As far as I know, the MS hires do not posses any special skills."
Maybe you should keep your speculations to things you do know.
I think you're being making the classic mistake of using your narrow experience range into making far larger proclamations based on speculations and innuendo. As an employer in silicon valley myself, I would definitely look upon a resume from a person with a Master's degree from US more closely than someone coming off of the infosys/wipro train. That is not to say that there's a clear yes or no either way but having an MS from a US university is at least one positive signal among other signals I'd look for in a resumé.