[hocuspocus]

Thing is, if you want to hire foreign, experienced, high-skilled workers, by definition they won't hold a US degree.

The current system favors immigrants that can afford a Master's degree at low-tier for-profit universities (see what happened to the Silicon Valley University). The change will take this even further.

Canada has a non-trivial but straightforward path to permanent residency that tries to be fair to both domestic students and experienced immigrants. It's not really comparable.