Summary
President Donald Trump signed an executive order that adds a $100,000 fee for new H-1B visas, a program often used by tech companies to hire skilled foreign workers. This change could impact big tech companies, which rely on these visas to fill specialized positions.
Key Facts
- President Trump introduced a $100,000 fee for new H-1B visas.
- The H-1B visa program is for high-skilled workers like software engineers.
- The new fee affects only new visa applications, not renewals.
- Tech companies like Amazon, Microsoft, and JPMorgan Chase use this program.
- Over half a million people live in the U.S. with H-1B visas.
- Each year, 85,000 new H-1B visas can be issued through a lottery system.
- The White House claims some companies exploit the program to pay lower wages.
- Labor experts and politicians have expressed concerns about the program's impact on American jobs.
