JPMorgan economists warn new H‑1B fee may slash thousands of jobs
The Trump administration's massive H-1B visa fee hike to $100,000 for new applications is causing panic, with JPMorgan estimating 5,500 monthly work authorizations at risk. This policy disproportionately affects Indian tech workers and could dismantle the H-1B system, potentially eliminating 140,000 new jobs annually and leading to offshoring.
The Trump administration's massive H-1B visa fee hike to $100,000 for new applications is causing panic, with JPMorgan estimating 5,500 monthly work authorizations at risk. This policy disproportionately affects Indian tech workers and could dismantle the H-1B system, potentially eliminating 140,000 new jobs annually and leading to offshoring.
