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Imagine if you were in the US on an H1B. If you lose your job, you have 60 days to find a new one or you are being sent home. Being sent home means it is a new 100K H1B originating fee to get you back in the country - ignoring the whole cool-off process which is a nightmare and really means noone returns. Alternatively, you can re-enroll into an OPT program and put yourself back into the education system or convert to a spousal visa if you are married before some crazy mix of the process. Meaning: it isn't the H1B that is devaluing your job, it is the policy and restrictions around the deployment and labor costs combined with a bleak economic reality and deep uncertainty in hiring that forces qualified H1B applicants into a completely inhumane deal which directly erodes your salary band.
If you want to improve your salary band, work to improve H1B holder job security and de-risk the unfortunate impact of a job loss.
Please note, I am a US citizen, but so many of my colleagues over my career have not been. When we talk about white collar workers rights, this is the impact of a lack of collective bargaining - both someone that isn't you, as well as you suffer when the employer is only inacentivized to grab the cheapest labor possible.
Summarized perfectly