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.

  • sj_zero@lotide.fbxl.net
    51·
    2 months ago

    I think normal people who need things like food and shelter might not see the benefits of all the economic growth that makes the top 0.1% even wealthier.

    The only one who gets paid in % of GDP is the government.

    Trump isn’t ultimately the guy to change any of that, but “economists warn” “could hurt […] Growth” isn’t a good reason to do or not do anything.