Move is a blow to big tech companies, which rely heavily on visas to hire staff from overseas, particularly India
Donald Trump’s decision to impose a $100,000 (£74,096) fee on H1-B visas for skilled foreign workers could hurt US economic growth, economists have warned.
Trump signed a proclamation on Friday introducing the application fee for the H-1B visa, 60 times the current cost, in a move designed to encourage companies to hire more American workers.
The increase represents a blow to big tech companies, which rely heavily on such visas to hire engineers, scientists and coders from overseas, particularly India.
So does most of Trump's ideas...
What different here, is it's going to cost billion dollar tech industries a shit ton of money.
They're gonna end up just building satellite offices in those countries to avoid the 100k up front, pay them even less, and avoid what little US working laws are left.
There was like 110k h1bs in 2024, that's about 10 billion dollars.
Preemptive edit:
I saw something that trump can just waive this for whoever he wants, so it's 100% going to be used as a club to try and keep big tech on his side.
Piss him off, and he'll demand you fire every h1b he waived, or give him a giant check.