I can see your point, but I think the effects of this regulation are misunderstood here. Prevailing wage is based on locality. H1Bs in California now have to be

I can see your point, but I think the effects of this regulation are misunderstood here. Prevailing wage is based on locality. H1Bs in California now have to be in the >95% bucket of prevailing wages for their county. Even FAANG engineers would have trouble reaching that threshold as it only takes base salary into account and not total comp.