A huge price tag for foreign talent
A fee hike could push foreign talent away from Silicon Valley to other countries.
The H-1B visa has long been the ticket to the American Dream for global tech talent. But the U.S. is now increasing the fee for new applications to $100,000—up from $215—to force companies to hire American workers instead of foreign workers.
The fee alone surpasses the median salary of new H-1B hires, rendering visa sponsorship a challenging proposition. If Trump's executive order is implemented, America's global talent magnet could weaken, and rivals like Canada, the UK, and Europe may be ready to scoop up the fallout.
In this week's feature story, Chivu writes about what the new visa policy means, which nationals will be hit the hardest, what it means for U.S.-based companies, and how it could impact global migration.
Until next week,
— Seun
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