Trump’s big change to the H-1B visa is a $100,000 hit to entrepreneurs, startups

Core Points - The recent H-1B visa policy requiring a $100,000 payment for each new petition disproportionately impacts small businesses and entrepreneurs, making it difficult for them to hire skilled workers [1][4] - Large companies like Apple, Microsoft, and Google can absorb the additional cost of the H-1B fee, while smaller firms face a significant financial burden that could hinder their growth and hiring capabilities [2][4] - Small businesses are crucial for job creation, accounting for over 60% of new jobs, and the policy fails to consider the diverse economic landscape outside major tech hubs [5][6] Industry Impact - The H-1B fee increase could lead to a further concentration of talent and resources in large corporations, reducing competition and innovation in the tech industry [4][7] - A proposed solution is to scale the H-1B fee based on company size or revenue, allowing smaller companies to pay less and remain competitive in attracting talent [6] - The current policy risks stifling the growth of new companies in various cities, which could limit the emergence of future American tech giants outside of traditional hubs like Silicon Valley [7]