H-1B Visa
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X @Bloomberg
Bloomberg· 2025-12-15 10:10
Industry Impact - The IT outsourcing and staffing industries are expected to face punishing effects due to President Trump's proposed $100 thousand price tag for new H-1B workers hired from outside the US [1]
States Suing Over Trump's $100,000 H-1B Visa Fee
Bloomberg Television· 2025-12-12 19:47
Immigration Policy & Talent Acquisition - The discussion revolves around concerns regarding the potential negative impact of increased costs associated with H1-B visas on the US's ability to compete with countries like China in attracting skilled talent [1][2] - The proposed $100,000 cost for H1-B visas is viewed as a significant shift, potentially favoring wealthy companies and limiting access for individuals who are not rich or beholden to wealthy entities [1][5] - Concerns are raised that making the immigration system accessible only to the wealthy could undermine the US's historical strength as a nation built by immigrants and their descendants [1][2] - The current H1-B visa system requires sponsorship by a company that has already hired the individual, indicating a structured process, but the added cost creates an unfair advantage for wealthier companies [4][5] Geopolitical Competition - The US's ability to compete with China is questioned, particularly regarding attracting talent, as China is perceived as more welcoming without similar cost barriers [2] - Selling NVIDIA chips to China is questioned in the context of competing with China [1] Legal & Executive Authority - Executive actions, such as raising H1-B visa costs, may lack the long-term impact of legislation passed through Congress [4] - The legality of raising costs on a whim by the President is questioned [3]
X @Balaji
Balaji· 2025-12-11 04:06
Investment & Talent Strategy - The report suggests Indian technologists should consider opportunities in India, the Internet, or internationally, rather than relying on H-1B visas and the US [1][5] - The US is perceived as becoming less friendly towards immigrant capitalists due to long-term financial concerns and a zero-sum mentality among Americans [4] - The report highlights the world's fastest-growing economy is India, with the 1 growth rate over the last 10 years, attracting major company investments [2] - The Internet is presented as an alternative capital market to the NYSE/NASDAQ, offering a level playing field with digital rule-of-law, exemplified by Solana and Ethereum [2][3] - Various locations, including the UAE and Singapore, are actively recruiting tech talent with different types of talent visas, attracting Indian technologists [4] Geopolitical & Economic Shifts - The US right is described as wanting no more immigrants, and the US left is described as hating technocapitalists [1] - The sovereign debt crisis is worsening, potentially leading to dire consequences [1] - The decline of Delaware and NYC is accelerating, with companies moving out for incorporation, and capital is shifting to Miami [2] - The US is no longer considered a stable place for capital formation [3] - H-1B visa holders are facing challenges, such as visa appointment cancellations and inability to return to the US or interview elsewhere [5]
X @The Economist
The Economist· 2025-11-23 05:40
Policy Impact - Tougher H-1B visa requirements will negatively impact both India and America's prosperity [1] Skilled Worker Mobility - H-1B visa restrictions will cut off a path to prosperity for "high-skilled" workers [1]
Trump’s $100,000 H-1B Visa Fee Sparks Immigration and Innovation Fears
Bloomberg Television· 2025-11-02 15:00
H-1B Visa Program Overview - H-1B visas allow skilled foreign workers into the US, requiring at least a bachelor's degree and employer sponsorship [6][7] - The US caps H-1B visas at 65,000 annually, with an additional 20,000 for US graduate degree holders, but demand significantly exceeds supply [8] - The mismatch between supply and demand has created opportunities for outsourcing companies, with nearly half of H-1B visas in 2023 going to such firms [10][11] Impact of Proposed $100,000 Fee - A proposed $100,000 fee on H-1B visas is considered a substantial increase, potentially impacting skilled workers coming to the US [2] - Concerns exist that the fee could disproportionately harm small companies and startups, hindering innovation and long-term economic growth [13][15] - Research universities may struggle to afford the fee for all deserving candidates, potentially leading to scientific innovation shifting to other countries [16] Alternative Immigration Models - Some countries, like Canada, Australia, New Zealand, and the UK, use a points-based system to prioritize skilled immigrants based on qualifications [20][21] - An auction system where firms bid on H-1B visas is suggested as a market-driven alternative to the current lottery or the proposed $100,000 fee [22] Potential Negative Consequences - Increased costs associated with H-1B visas could make US universities less attractive to foreign students [24] - Restricting access to skilled foreign talent could negatively impact US competitiveness, particularly in fields like AI [26] - Some companies, like Walmart, have already announced they will no longer sponsor H-1B applicants, indicating a potential chilling effect [17]
X @Nick Szabo
Nick Szabo· 2025-10-30 20:37
H-1B Visa Program Concerns - Thousands of senior H-1B engineers are being approved at Level I wages, indicating potential wage fraud [1] - The Department of Labor (DOL) is allegedly blindly approving Labor Condition Applications (LCAs), contributing to widespread fraud within the H-1B program [1] - The H-1B LCA approval rate is reportedly 99.09%, raising concerns about insufficient scrutiny [1] Call for Action - There is a call to shut down and reform the LCA division at the USDOL to address the alleged fraud [1]
X @Forbes
Forbes· 2025-10-15 09:00
Impact of H-1B Visa Policy - The report suggests that 25 universities will be significantly affected by changes to the H-1B visa program [1] Industry Focus - The higher education sector is the primary focus, specifically the potential negative consequences for universities [1]