And how many 2000 rated players have you talked to for their opinion on 1200s? Because I promise you they view them even worse than how you seem to be viewing 700s. Plenty of 2k players refuse to play lobbies with rating minimums below 1.8k.
It literally makes zero sense for rating disparity and skill difference to not be correlated. To be 200 points above 2000 or 200 requires the exact same level of “skill” beyond 2000 or 200 to consistently beat those levels and maintain your rating. The only difference here is that 200s have higher deviation in general.