@BRjH71 there is no perfect answer that benefits everyone right. If so, they would have already heard and may have considered it.
US doesn't know to rank IIT from any other college in India (or other prestigious colleges in other countries) - that is going to be a big mess on its own. Even wage levels is not appropriate for comparison - just because someone makes 150k in CA doesn't make him/her better than an equivalent person in TX. There could be an extraordinary person working in a different field that doesn't pay similar wages.
At the end of the day, statistically the number of folks benefited by this change will outnumber the ones negatively impacted.