Globenewswireยท2025-09-20 15:41Core Insights - A new federal policy imposing a $100,000 H1B visa application fee is projected to create over 583,000 new tech jobs for U.S. workers by 2029, making high-paying tech careers more accessible to American STEM students [1][2] - The policy is expected to redirect nearly $98 billion in annual tech salaries to American workers, significantly raising the cost of foreign tech hiring [2] Impact on Major Tech Companies - Major tech companies will face substantial costs to retain H1B talent, with estimated fees of $1.1 billion for Amazon, $550 million for Tata Consultancy Services, $500 million for Microsoft, $450 million for Meta, and $400 million for Google [4] - Companies must choose between absorbing these fees or accelerating the hiring of American workers [4] Regional Job Growth - Job growth will vary by region, with California expected to see 175,000 new H1B positions, followed by New York with approximately 170,000, Texas with 46,000, and Washington State with an estimated 35,000 positions [5] In-Demand Skills and Salaries - The most sought-after skills include Cloud Computing (80,000 positions, average salary $145,000), AI/Machine Learning (70,000 positions, average salary $165,000), Python Programming (65,000 positions, average salary $125,000), Cybersecurity (55,000 positions, average salary $135,000), and Data Analysis (60,000 positions, average salary $115,000) [6] Education and Workforce Readiness - Only 20% of Americans are prepared to fill the new high-paying tech roles, indicating a significant preparation gap [7][11] - The U.S. ranks 34th out of 80 countries in mathematics proficiency, with only 6.4% of students enrolling in foundational computer science classes [11] Pathway to Employment - A three-step approach for American students to secure tech roles includes learning, certification, and acceleration through tutoring [8][12]