Trump’s New H-1B Visa Policy Shakes Up the Tech Sector
President Donald Trump has signed a proclamation that imposes a hefty $100,000 annual fee on all H-1B visa applications. This move aims to restrict foreign skilled workers from entering the United States, a policy shift that could seriously disrupt the tech sector. The US tech industry relies heavily on H-1B visa holders, especially from India and China. Companies like Google, Microsoft, and Facebook hire thousands of engineers and developers through this program.
Potential Consequences for Skilled Workers and US Businesses
The $100,000 fee marks a dramatic increase from previous administrative costs. Many industry leaders warn that this policy could drive talent away from the US, making it harder for companies to fill crucial roles. Experts fear the move could also force US firms to relocate jobs overseas or invest more in automation. The administration says the fee will protect American jobs, but critics argue it may actually harm innovation and economic growth.
Sources: The Guardian – Trump H1B Visa $100,000 Fee