"The president on Friday signed a proclamation that will require a $100,000 annual fee for H-1B visas meant for high-skilled jobs that tech companies find hard to fill. He also rolled out a $1 million gold card visa for wealthy individuals, moves that face near-certain legal challenges amid widespread criticism he is sidestepping Congress. If the moves survive legal muster, they will deliver staggering price increases."
"India's Ministry of External Affairs said Saturday that Trump's plan was being studied by all concerned, including by Indian industry. The ministry warned that this measure is likely to have humanitarian consequences by way of the disruption caused for families. Government hopes that these disruptions can be addressed suitably by the U.S. authorities. More than 70% of H-1B visa holders are from India."
"Critics say the H-1B visas undercut American workers H-1B visas, which require at least a bachelor's degree, are meant for high-skilled jobs that tech companies find difficult to fill. Critics say the program undercuts American workers, luring people from overseas who are often willing to work for as little as $60,000 annually. That is well below the $100,000-plus salaries typically paid to U.S. technology workers."
A presidential proclamation would impose a $100,000 annual fee on H-1B visas and introduce a $1 million gold card visa for wealthy individuals, prompting near-certain legal challenges. India's government expressed concern and warned of likely humanitarian consequences and family disruption, noting more than 70% of H-1B holders come from India. H-1B visas require at least a bachelor's degree and aim to fill high-skilled tech jobs. Critics say the program undercuts American workers by attracting overseas hires willing to work for substantially lower pay than typical U.S. technology salaries. U.S. officials claimed major companies support the change, while several tech firms did not immediately comment.
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