Trump’s H-1B Visa Fee Hike Leads To Global Talent Race – Which Countries Stand To Gain? | World News
Washington: President Donald Trump shook the US technology industry with a sudden and steep increase in H-1B visa fees. The decision sent shock waves beyond the Silicon Valley and beyond. Companies are now facing an amazing $ 100,000 up to $ 2,000-5,000 per application. The cost hike is designed to push employers to hire American workers because of foreign capabilities.
In 1990, the H-1B visa, which was established within the scope of President George HW Bush, has long been a gateway for high-quality foreign professionals. Last year, Indian citizens demanded 71% of approved H-1B visas, and the Chinese applicants were followed with 11.7%. Experts warn that Trump’s movement can trigger a brain evacuation and forcing high -level global abilities to turn to other nations that willing to meet them.
The White House emphasized that the existing visas and applicants submitted before September 21 will not be affected and said, “The fee is a one-time fee for the submission of a new H-1B petition”.
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The Department of Interior will now give priority to high-quality and high-paid applicants in the H-1B lottery. Additional changes are taken into consideration.
Critics argue that H-1B visas will command the Americans to command foreign workers at lower wages. The Indian government reviews the full consequences with the warning of the Ministry of Foreign Affairs, “it is likely to have humanitarian consequences through the disruption caused by families”.
A blow to the technology industry
Approximately two-thirds of H-1B works rely on foreign experts with giants such as Amazon, Google, Microsoft, Meta and Apple.
Microsoft has assured employees that existing visa holders may remain in the US for the “predictable future .. Elon Musk, a former H-1B buyer, said to X in 2024 and X (Twitter), “The reason why I am in America is due to H-1B with many critical people building hundreds of companies that make Spacex, Tesla and America strong.”
Global Winners Self -Talented Talent
Trump’s H-1B wage increase is shaking the US talent ecosystem. Although American technology is facing uncertainty, countries around the world are preparing to turn this disruption into a historical opportunity to gather the best brains in the world.
UK: Following Trump’s hike, Prime Minister Keir Starmer is investigating to remove visa fees for qualified foreign workers.
The UK’s “Global Talent Mission Force” aims to attract the best scientists, digital experts and academics to feed economic growth.
China: Beijing is preparing to start a K visa on October 1, and allows science, technology, engineering and mathematics (STEM) professionals to work and work in China without a job offer or research position.
The Ministry of Foreign Affairs met global high -level capabilities.
South Korea: President of the Chief of General Staff Kang Hoon-Sik said that the ministries were asked to benefit from US visa changes and that scientists and engineers aim to support an economy led by AI and technology next year.
Canada: Canada reduced the cutting score for the comprehensive sorting system and invited more talented workers for permanent residence.
Authorities are also considering re-introducing a 2023-style visa program to attract H-1B holders for up to three years.
