Some US companies that depend on talented foreign workers may suffer a significant setback as a result of President Donald Trump’s most recent attempt to restructure America’s legal immigration system, which involves increasing the annual price for applicants for H-1B visas from $215 to $100,000.
Trump claimed that America needs “great workers” and that the recently imposed charge “pretty much ensures that that’s what’s going to happen” during a signing at the Oval Office on Friday. Additionally, administration officials asserted that the high cost would encourage businesses to employ Americans.
The business must determine whether the individual is valuable enough to pay the government $100,000 annually or if they should go back home and hire an American.” Howard Lutnick, the Secretary of Commerce, stated during the signing.
Both Elon Musk and Vivek Ramaswamy, whom Trump appointed to head the administration’s Department of Government Efficiency, have supported businesses that rely on foreign labor to function and use the work visa. In December 2024, Steve Bannon, a prominent strategist during Trump’s first term, called H-1B visas a scam by Silicon Valley giants who are interested in stealing American jobs and bringing over what essentially become indentured servants at lower wages on his “War Room” podcast.
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