I guess our opinion will vary on "worse", but the worst case for a job seeker is less jobs to click on. I don't see that as worse than applying to a bunch of jobs thst don't exist or are otherwise exploiting the idea of a job posting.
>Much of the current situation stems from fairness-minded regulations forcing companies to post jobs they already have a candidate for, wasting everybody’s time.
Yes, I do believe we should repeal those regulations. Someone who wants to hire a friend of family member will figure out how to do it.
H1bs are a more complex matter. They should ironically enough strengthen those so an H1b isn't held hostage by an employer who can lay them off on thr drop of a hat. They should have more protections as they are a sponsored guest and not yet an American citizen.