No. H1-B is just a subsidy to the wealthiest Americans. Besides, it turned out that the biggest abusers of the guest workers was Indian outsourcing companies. go figur. Sure, lots of fly by night venture caps think "If I could just hire cheap ...". What they don't seem to realize is there is no controls over capital flows. If it's such a good idea, it can be done where labor is cheaper. Downside is suit might have to travel and get hepatitis shots.
Better ideas is limit guest worker visas to like 20,000 a month for 1 year gigs and let capital bid on the slots with no restrictions. Top bidder wins. Money goes to pay down the debt. No favoring tech companies like Microsoft with their lobbyists and billions in the bank with special preferences.