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I am bewildered that anyone thinks there is a libertarian argument for this program. It’s power of the state, harnessed by corporations, to create a captive workforce shut out of full participation in a free economy.
Everyone's a libertarian until it's their own job on the line. Then they suddenly become conservative.
By and large, tech workers don't seem to think the world owes them a job, where they want to live, on the projects they'd like to pursue, at the wage they've decided is proper. Tech workers seem to understand they have to work hard to earn these positions. It seems to be the employers who think that the world owes them a worker where they want to locate, on the projects they decide should be done, at a wage they think is proper.
Tech employers asked the market for lots and lots of developers in the valley at salaries too low to buy a house and raise a family, the market said no, so tech employers had the government ask the market for them. The government responded by creating a program where high tech controls skilled immigration through their HR departments, deciding who is allowed to live and work in the US and the circumstances under which they are allowed to remain.
Sometimes I think libertarians get so caught up in unions and "socialism" that they are blinded to the antics of corporations and their unholy flirtation with state supported corporate control over workers' lives.
To quote from lp.org
> A truly free market requires the free movement of people, not just products and ideas.
But there are certainly lots of Conservative-lites pretending to be libertarians certainly.