That sounds like free market though doesn't it? Hire the cheapest workforce that can do what you want?
HN comments usually skew hugely against any kind of regulation and towards "free market will take care of it", except when it comes to jobs and pay it seems.
H1B, by design, interferes with the free market in hiring. Even worse, the current implementation clearly stacks the deck in favor of corporations and employers and suppresses wages for the entire tech workforce.