"America has the world's largest economy and is a world leader in innovation because it attracts and retains the world's best talent to work on small, high-risk startups that one day blossom into large-cap economic titan. Almost 50% of US companies above $1 billion in valuation have one co-founder who is an immigrant. Uber's co-founder Garrett Camp is a Canadian immigrant. Elon Musk used the H-1B as a South African immigrant to build Tesla and SpaceX."
"The new H-1B fee structure will, in the immediate term, create a two-tiered system that hands hiring power to tech giants and only the well-funded startups who can absorb the $100,000 surcharges for H-1B talent. This would create a chokepoint in supply and demand wherein a lot of the highly talented folks who otherwise could have worked on H-1B would no longer be able to and would head to other countries for opportunities, or return to their home countries."
The United States built global innovation leadership by attracting and retaining top international STEM talent who often join high-risk startups that later scale into major companies. Immigrant founders and leaders are common among billion-dollar U.S. firms, with notable examples using H-1B pathways to found or grow companies. The revised H-1B fee structure imposes steep surcharges that create a two-tier hiring environment favoring large tech firms and well-funded startups able to absorb costs. Smaller startups and many talented individuals face reduced access to U.S. opportunities, increasing the likelihood of talent relocating to countries offering clearer, cheaper visas.
Read at Fortune
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