The US government has introduced H-1B visa reforms, including a $100000 fee for new applications, a wage-based lottery system, and priority for STEM (Science, technology, engineering, mathematics) graduates and small businesses, aiming to prioritise highly skilled workers and protect American jobs. This policy openly reflects elements of economic nationalism in the US, prioritising domestic labour market protection over global talent attraction. The world is stunned by the drastic increase in visa fees, following closely on the heels of trade tariff hikes, with the new H-1B visa fee jumping to $100000 annually. A single hurdle is not enough; further a visa adds another layer of complexity. The tech sector is reeling from sudden imposition of a $100000 fee on H-1B visas, announced by Trump. This move has sent shockwaves through the industry, with multinational technology companies like Amazon (Seattle, Washington), Microsoft (Redmond, Washington), and Google (Mountain View, California), which heavily rely on H-1B visas, scrambling to adapt. These companies have a significant presence in India too, with offices, operations and employees, but their parent companies are based in the United States.
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Mainstream Weekly