The Immigration Report has put together a good summary and analysis of the new H-1b Cap Selection process and the consequences of a wage based selection process.
The most pertinent of their findings is that the entry level wage category will be too low for selection in effect eliminating entry level positions for H-1b Workers.
Pease visit the link below to read the full analysis.
https://immigrationimpact.com/2021/01/14/h1b-registration-process-wage-level/?emci=2d44e20b-7457-eb11-a607-00155d43c992&emdi=e5938522-d758-eb11-a607-00155d43c992&ceid=4498279#.YAb4T-hKiUl