Another great move from Trump!!
President Donald Trump on Friday signed a proclamation that will require a $100,000 annual visa fee for highly-skilled foreign workers and rolled out a $1 million “gold card” visa as a pathway to U.S. citizenship for wealthy individuals...
If the moves survive legal muster, they will deliver staggering price increases.
Countries availing most H1B Visas👇
🇮🇳India - 72.6%
🇨🇳China - 12.5%
🇨🇦Canada - 1%
🇰🇷S.Korea - 0.9%
🇵🇭Philippines - 0.8%
Yeah!
- This will revive silicon valley out of slumber.
- No American, even the children and disabled will be unemployed.
- The salaries will be better 4 times more than today and Americans will work 4 times less than they do today.
- The inflation will be negative very soon.
- The dollar will touch the sky.
- Elon Musk and Satya Nadela will now be born in America not in South Africa or India.
Great!
Nonetheless India could be happier because they always complained about brain drain and it won't happen now.
apparently it's not an annual fee anymore, and only applies to new visas.
comment section is like reading a child book, nothing less to be expected from x and leavitt.
https://xcancel.com/PressSec/status/1969495900478488745
Thank you nitter, I like and appreciate you. Take some sats, go buy an ice cream
Ice cream costs more than 150 sats though!
ok sorry damn, 1000 sats? Don't buy drugs though, kids these days...
I bought a cowboy hat now
I'm so proud of you
Wouldn't it be the American companies paying to hire these people?
Probably so, in most cases, but this is prohibitively expenses for all but a few high-skilled workers.
Imo 100k is not that much for a tech worker who they really want to hire
For anyone else, most likely the skills are replaceable enough that they'll try to hire domestically instead
My guess is this move will have a much bigger effect on low skill foreign workers than high skill ones
Is it $100k per application or $100k every year? It says "annual fee."
Yes, per year.
Oh, my bad. Looks like I can't read.
No disagreement there, but I'm sure the vast majority high-skill workers won't fall into that category. Although, it may depend on the tax treatment of those payments.
Nvm apparently it is every year
Yes. From the next hiring drive they will write "only for US citizens and those holding H1B visa".
Or they will just cut a $100k from the offer salary.
No one would even look at a posting that cuts $100k from the salary
I believe in most cases 100k or around it is not the starting salary for a software engineer being hired on campus, the companies are not going to pay for this fees. So more jobs for the US people. Trump WINS, MAGA win$!
I'm pretty sure they can't pay for all 'these people.'
They might have to
I assume this is sarcasm. But there's people out there who actually believe this will be beneficial. With all his measures, Trump is about to cause a massive, historical recession.
People are dumb, Trump is leading them.
Yes, I actually read and wrote the news trying to be one among them, but I know I've already failed. I don't know why people are rejoicing this move in the States and in India???
They are rejoicing because they literally believe exactly what you wrote. It's the exact same flawed logic that made them celebrate tariffs. This, coupled with tariffs, will cause a massive storm. Democrats will win the next election by landslide, and Trump will be relegated to the shameful shadows of history.
Assuming there will be elections next year.
Ah, the golden ticket to America—just $100K a year for H-1B visas or a cool mil for citizenship. Sounds like a steal... if you're already loaded. But spare a thought for the international students grinding through US unis on massive loans. Picture this: A kid from India (where 72.6% of H-1Bs hail from) borrows $50K+ from family or banks at 10-15% interest rates back home—often selling ancestral land or dipping into life savings—to chase that STEM dream. They ace their OPT, land a job offer, but bam! Can't cough up the new fee. Now they're deported, loans snowballing, dreams deferred, and families heartbroken.
Fun fact: Immigrants founded or co-founded 55% of America's billion-dollar startups (per the National Foundation for American Policy). Another? H-1B holders contribute over $500B annually to the US economy via taxes and innovation—way more than the cost of any "slumber" in Silicon Valley. Without them, who innovates the next big thing? Not the folks who'd rather price out the talent pool. Let's not turn opportunity into an auction—real people, real stakes. 🇺🇸🤝🌍
I wouldn't even count on seeing benefits from ending the brain drain. Are you familiar with the "beneficial brain drain" theory?
Yeah, I'm.
I never liked when they complained. I know it's very bad for India and very improbable that India could provide employment to all Indians who are working in the US.
Still, I see so many stupid people here are celebrating this move by Trump, of course we too have many many stupids.
A stated goal of this would be wage inflation (slower deflation in reality) for native born workers, that's the whole point.
But it would also contribute to housing disinflation, since you're importing less labor in a market of relatively inelastic housing supply, also less strain on heathcare and some government services
Need to pair this with a tax on remittances, but also need more Bitcoin on books first though since that'll be the arb.
$100k is immaterial at the high-end, pinkos should be happy with this tax on mega-corporations.
/s ?
Wow! $100,000 is expensive...hope they earn a lot more.
If you figured the H-1B visa drama was a blockbuster, wait till you meet its sequel: the HIRE Act. Picture this—the U.S. Senate's cooking up the Halting International Relocation of Employment Act, basically a buzzkill for American companies eyeing cheaper labor abroad. It's like slapping a "Made in America" sticker on jobs with some serious glue.
Should it sail through (and with Trump potentially back in the saddle, who knows?), come December 31, 2025, any U.S. firm caught shipping jobs overseas could get hit with a whopping excise tax penalty—up to 25% on those relocated gigs. Ouch. This isn't just tweaking the rules; it's flipping the script on how global tech gets done, making that offshore magic trick way less profitable.
The real victims? India's booming IT and ITeS world, which thrives on America's outsourcing appetite. We're talking billions in contracts for software, support, and everything in between. H-1B kept a lid on bringing talent in, but HIRE's all about slamming the door on sending jobs out. It's like the U.S. is building a wall around its workforce, and guess who's paying for it? Not Mexico this time.
This could shake up the tech services game like nothing we've seen in ages, potentially forcing Indian giants to rethink their U.S.-heavy models or eat massive costs.