As the pie gets bigger, it is bound to get rotten in some portion, so it must remove those rotten slices and keep moving. At the end, those who know what they are doing shouldn't have any difficulty finding a job
85K per year. However, lots of these H1-Bs are used by Indian consulting firms which do lower end tech work. Some of these H1-Bs do work in FAANGs, but they are minority. Due to this, wages for higher end jobs (FAANGs etc) do not get suppressed. What happens due to these H1-Bs is that folks doing lower end tech jobs get laid off. Wages for these lower end jobs have been suppressed for years.