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H1Bs now require a $100k payment per year (I believe, seeing some remarks saying it might be per visa) to the government due to Donald Trump executive order, plus if you are currently overseas and hold a H1B you need to pay $100k effective immediately on your next entry into the USA if you are not within the country by the 20th of September.
As a foreign non-Lawyer I don't know how effective this is going to be/liable to be immediately derailed in the courts, but I do think it's a positive step towards ensuring skilled immigration is used for the genuinely effective instead of ye olde 'I can import a foreigner who I have more power over at a 10% discount rate to domestic workers'. I'm also deeply skeptical of the 'productivity' of the vast majority of tech H1B hires and wish them the best of luck in attempting to offshore the competencies required to make AI-powered Grindr for Daily Fantasy Sports
This is an annual $100k fee, it's basically telling H-1B applicants they aren't welcome in the US as nobody is going to pay that much extra. Plus it's going to destroy the US international student college market as outside the very top schools a big part of the draw is a chance to work and stay in the US after graduation and nobody outside of Citadel etc. will pay $100k per year in fees for a new grad.
Good boon for the UK/Canada though as it means that instead of American companies hiring in the US they'll instead offshore the jobs and hire here instead. The country can generally do with some of the over inflated US salaries coming over here too.
I feel the US will regret this 10 years down the line, much like how they are now regretting limiting Nvidia sales to China forcing them to build their own homegrown system.
Any reason this is a boon for the UK and Canada instead of the Indian domestic economy? Surely these geniuses will flourish when given an opportunity and motivation to build domestically.
Have you seen subcontinental domestic economies? If these people were actually given they full opportunities they deserve and are capable of actualizing then the subcontinent would be at least China level today, instead [redacted because I don't want to get banned immediately after coming back].
Failing to build in your own backyard and then bailing to go and snipe make work rentseeking fake jobs in the West is not good praxis.
Plus what is 'deserve' in this statement.
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