A worthy fee of Trump administration of $ 100,000, which applies to new H-1B visa, caused a high level in Silicon Valley, and a high-level interviews, because a sharp jump from just a few thousand dollars caused panic.
However, the purpose of fees to protect US jobs has the opposite effect. Some companies are now considering moving more jobs abroad to compensate for the impact.
The United States President Donald Trump announced on Friday a change in the Visa program, which has long been recruitable for technology companies and encouraged foreign students to focus on higher education in America, Reuters reported.
Impact on society and employment
The steep visa costs have already forced the company to suspend and re -evaluate their recruitment, budget and labor plans.
According to the founders of the company, risk capitalists and immigration lawyers who work with technology companies, the new fee in the US is simply “dysfunctional”.
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“It is time to start looking for other countries where we can have highly qualified talent,” said Chris Thomas, an immigration lawyer in Colorado Holland & Hart.
According to Pew research, approximately 141,000 new applications for H-1B were approved last year. Although Congress limits the new visa to 65,000 per year, the total approval is higher because the petition from universities and some other categories is excluded from the limit, Reuters reported.
India can benefit from increasing fees
Experts and executives told Reuters that a new fee of $ 100,000 makes hiring talents in countries like India, more attractive because wages in the country are lower and Big Tech now builds innovation centers instead of rear office in India.
“Probably we have to limit the number of H-1B visas, which we can hire,” said Sam Liang, co-founder and CEO of the popular beginning performance of artificial intelligence. “Some companies may have to outsource part of their workforce. You may have hired in India or other countries just to go through this H-1B problem.”
Undue effect on startups
Although large technology companies can be able to absorb a new fee, it represents the main challenge with small teams and addiction to cash for smaller companies and startups.
Unlike large technological companies, whose compensatory packages are a combination of cash and shares, startup packages that usually lean towards their own capital apply, because they need cash to build business.
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Deda Das, a partner of Menlo Ventures risk capital, which has invested in startups such as AI Anthropic, “For larger companies are not material costs. For smaller companies is that they have less than 25 employees, which is much more significant,”
Innovation at risk
Analysts and leaders in the field are afraid that new visa policy could damage innovations in America.
According to a report cited by Reuters, many successful US startups worth $ 1 billion or more had at least one founder of immigrants. High cost of H-1B visa could discourage some of the most talented immigrants in the world to come to the US and start new companies.
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If politics is not soon diluted, then “we will see the towing of the smartest people around the world,” said Billaal Zuberi, founder of the risk capital company based in Silicon Valley.
(Tagstotranslate) H-1B Visa
