No, its not an argument against hiring foreign workers. It is an argument that the current system is broken. I would prefer they do a very ungovernment thing and scrap it then replace it (without a gap / carrying over the workers) with something rethought.

I would particularly be happier with something based on automatic worker visas for graduates of US universities, applying the permit to the spouse also, and no specific company assignment. This sponsored stuff keeps everyones wages down by not providing H-1B movement.