Well he got it half right but his greedy ass missed the entire second half entirely.
The correct answer was to slowly raise the minimum H1B salary until it is 4x the average salary. Then businesses would be able to bring it talent without limits but the minimum amount that they would have to pay those people would prevent the gamification
That's actually a really well-thought statement. He himself doesn't have advisors with his or the USA best interest in mind, and he's never publicly demonstrated particular above -average brilliance as much as a deep-seated need for approval of people he admires, so there's that.
I actually agree with this action, if not his reasons. H1B has been abused for indentured cheap labor while not hiring better local talent for years.
The first requirement to file an H1b petition is to show that there is no local talent to fill the role. Companies have been gaming that so the first step should be to fix that process.
But he hasn't signed anything yet and there's no chance he follows through on this specifically since he's in bed with the technocrats.
HR would post a position in coding that requires 20 years AWS experience, 20 years java, 10 years in GO, with knowledge of 5+ years in everything from SQL to ASP to IIS. Then when no applicants match that, they go to H1B for anyone that knows python.
It's so common, it's laughable.