It's a fine start. But I suspect it'll need tweaking once in place, to avoid having an uneven playing field. For example imports from foreign countries using cheap labour and importing here competing with UK companies now forced to pay a decent rate to attract staff. Maybe tax breaks can help here.
I've little sympathy for those who, knowing this was coming for years, have made no arrangements for a smooth transition post-Brexit. Sticking to a reliance on cheap labour instead of changing tack gradually leaving just the last of the necessary transition left, is down to their own choice.
Meanwhile I reckon 70 points won't be that easy to get. Certainly targets narrowly.
Interesting what counts as skilled though. Carpenters and plasterers not already on the list (are they semi-skilled then ?) whilst waiters and waitresses go out (they surely range from unskilled to fully skilled) and childminders come in (who also can range from unskilled to fully skilled). Seems a random chance to get on the list, one wonders about the criteria.