Not really true. Take someone like Meta, who might not have a problem to hire 1000 people this year paying them half a million each. They can just hire that and it wouldn't even make a dent on their balance sheet.

Compare that to a hundred startups wanting to hire 10 people each, who can't compete with Meta on the salary terms above.

I find it hard to argue that the first case above is the desirable outcome of the immigration policy.