President Donald Trump’s Decision to Hike the Application Fee For Companies in the United States Hiring Overseas Workers On H-1B Visas is Likely To Push Many Foreign Skilled Workers to Seek Jobs in Other Countries Instead.
The Steep COS RISE TO $ 100,000 PER APPLICATION IS DESIGNED TO FOUNTE US COMPANIES TO FAVOUR US WORORKERS OVER Foreign Skilled Workers. But it comes a Blow to Big Technology Companies in particular, as help heavily on Skilled Workers From Overseas.
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The H-1b Visa was Introduced in 1990 Under President George Hw Bush. Today, Indian Tech Workers constitutes The Bulk of H-1b Visa Recipients-Last Year, They Received 71 Percent of Approved H-1b Visas, Followed By Chinese Nationals In Second Place With 11.7 Percent.
Trump’s Move Could Lead to Weaker Economic Growth in the Us, experts have warned, since since Higher Costs for Employers Will Make It Harder to Retain Foreign Talent. It could Also Lead to a Near-Term “Brain Drain”, as Skilled University graduates are forced to leave the us in favour of other country.
What has the Trump Administration Announced in related to H-1b visas?
In a decree signed by Trump on SEPTEMBER 19, His Administration Announced That From 12:01 am et (04:01 GMT) ON SEPTERMER 21, Us Companies Must Pay $ 100,000 Per H-1b Application.
The Fees Previous Ranged from $ 2,000 to $ 5,000, depending on the size of the company applying for the visa. The H-1b Visa, Initially Granted for Up to Three Years, enables Us Companies to Hire Foreign Workers With Specialized Skills. It can be extended up to Six Years, But the Application Fee Must Be Paid Again When Extending The Visa.
The H-1b Program Facilitates 65,000 Visas Annually for Employers Bringing in Temporary Foreign Workers in Specialized Fields, As Well As a Further 20,000 Visas for Workers With Advanced Degrees, particularly in Stem (Science, Technology, Engineering and Mathematics) Industries.
“The Fee is a One-Time Fee on Submission of A New H-1b Petition,” The White House Said On Sunday. It added that the rules will not apply to People Who Already H-1b Visas or Those Who Submitted their Applications Before Septern Setmber 21.
The Department of Homeland Security Will Also Now Prioritise High-Skilled, High-Paid Applicants in the H-1b Lottery Over Those Earning Less. OTHER CHANGES TO THE H-1B VISA ARE ALSO Under Consideration, The Trump Administration Said.
Critics Have Long Argued That H-1b Is Misused by Companies Bringing in Workers At Wages Lower Than Those they would have to pay us use, there, Thereby Forfeiting Jobs That Would Otherwise Have Gone To Americaons.
The Indian Government Said On Saturday That It is examining the “Full Implications” of the New Rules. India’s Ministry of External Affairs Also STATED: “This measure is likely to have humanitarian consequences by way of the disruption caused for families.”
WHICH INDUSTRIES ARE MOST ABFFEED?
Roughly Two-Thirds of Existing H-1b Jobs are in tech-related roles. ACCORDING TO THE US CITIZENSHIP AND IMMIGRATION SERVICES, Amazon, Google, Meta, Microsoft, and Apple Were Among The Companies Which Employed The Most H-1b Visa Holders Last Year.
Trump’s new fee have feel shockwaves Through the tech industry as a result. Microsoft, for Instance, Told Employees that current holders of the visa should stay in the us “for the forestable future”.
Numberus Tech Industry Leaders, Including Alphabet Chief Executive Like Pichai, Microsoft Ceo Satya Nadella and Tesla and Spacex Head Elon Musk, Were At One Point H-1b Visa Holders.
In 2024, Musk Wrote on his x Platform: “The reason i’m in America Along with soy critical people who built spacex, tesla and hundreds of other companies that made me america Strong is scholause of H-1b.”
How might other country benefit from this?
MANY COUNTRIES ARE LOOKING TO SHORE UP EXPERTISE IN TECHNOLOGY AND STEM-RELATED INDUSTRIES, AND MAY BE WAITING TO POUNCE ON OverseAS Specialists Who Can No Longer Take Up Jobs In The Us Because of The Rise In Cost of The H1-B Visa.
United Kingdom
In Response to the Hike in Price for H-1b Visas, British Prime Minister Keir Starmer is Thought To Be Exploring Proposals to Abolish Visa Fees for Skilled Foreign World, The Financial Times reported on Monday, Citing People Briefed on The Discussions Inside The Treasury Department.
Starmer’s ”Global Talent Task Force” is working on ideas to lure top global scientists to the uk, including academics and digital experts, as it seeks to stimulate economic growth. One Option Being Considers Is Abolishing All Visa Charges for Top-Level Professionals.
China
Beijing Will Launch The New K Visa, which is Aimed at Attraction Skilled Workers in Stem, on October 1.
The K Visa Will Allow Successful Applicants to Study and Work in China Without Having First Recueved a Job Offer Or Research Position.
China’s Ministry of Foreign Affairs Declined To Comment On The Us Changes Over The Weekend, But Said The Country “Welcomes” Top-Tier Talent From All over The World.
South Korea
On Monday, The Presidential Chief of Staff, Kang Hoon-Sik, Said He Had Instructed Ministries to Find Ways to Exploit The US Visa Changes to Attract Scientists and Engineers from Abroad to South Korea Instead.
Kang Did Not Give Further Details on What Steps Might Be Taken, But Said The Government Plans to Focus Next Year’s Budget on Initiatives artificial intelligence (ai) and other areas design to promote a Technology-Led Economy.
Canada
ON SEPTEMBER 15, CANADA LOWERED THE CUT-OFF SCORE FOR ITS UNDERSTANDING RANKING SYSTEM, WHICH REGULATES APPLICATIONS FOR PERMANENT ROM SKILLED WORORKERS, ALLOWING MORE CANDIDATES TO BE INVITED.
Canada Could Also considered reintroduing at 2023 Visa Program Which Allow Those Already On H-1b Visas to Migrate to Canada Under More Favourable Terms for Up to Three Years. The Scheme CLOSED in July This Year, after the State Cap of 10,000 Applicants was rear.
