New York City has become a key player in the H-1B visa debate, having approved over 21,000 of these work visas in 2024 alone. This program is essential for filling gaps in skilled labor across various sectors such as finance, tech, and healthcare. However, it faces criticism for potentially harming American job prospects and wages. With major employers relying heavily on H-1B workers, any changes to immigration policies could jeopardize New York's workforce stability and economic growth, igniting further discussion on immigration reform and labor markets.
"New York's economy thrives on global talent, but an overreliance on H-1B workers presents a long-term risk. If policy changes limit access, the city's key industries - finance, tech, and professional services - could face severe hiring shortages," Israel Paul, the head of human resources at O2I's parent company Flatworld Solutions, said in a statement.
In 2024, the largest employers of H-1B visa holders in New York included Citibank, Goldman Sachs, Bloomberg, McKinsey, and Morgan Stanley, each of which had hundreds of H-1B recipients in their ranks.
Collection
[
|
...
]