Why? What's wrong with not letting them come in the first place? It would create
more opportunities for people already here, and increase demand for education
that leads into this career.
Oracle only has so many position to offer, if they're going to H1B applicants, they are not going to other people already looking for jobs here. The fairly settled economics of supply and demand say that having all those extra workers will drive wages down. At the very least, let's shut it down for a while and see how things go. It's not like it's a decision fixed in stone.
These economists can't even predict the past, and you're throwing around these slogans like they're laws of nature.
And slowing down H1B visas will not "wreck the system", that's just hyperbole; it can be restarted any time. Anyway, the resolution of this Oracle case will be revealing. It will be interesting to see how it affects H1B policy.
