Gautum Mukunda, Bloomberg Opinion contributor and lecturer at Yale School of Management, breaks down what the new H-1B visa fee means for the US economy and the labor supply across various sectors.
Trump’s H-1B visa announcement jolted companies that have long relied on the program to bring in global talent, especially in California’s tech-heavy economy that relies on trained computer programmers, data analysts and engineers.
The new $100,000 payment would be in addition to current fees, which are more modest. Fees directly tied to the H-1B visa application currently include a $215 fee to register for the lottery alongside various filing fees.
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