H-1B Fee Risks Up to 5,500 Work Permits a Month, JPMorgan Says
The U.S. government's new $100,000 fee on H-1B visa applications could have a significant impact on the number of work authorizations for immigrants, according to a report by JPMorgan Chase & Co. economists. The analysis suggests that the fee could lead to a reduction of up to 5,500 work permits per month. This is due to the increased cost of the visa application process, which may discourage some employers from hiring foreign workers. The H-1B visa program allows U.S. companies to temporarily employ foreign workers in specialty occupations, such as technology and engineering. The new fee is part of a broader effort by the White House to reform the immigration system and prioritize American workers. While the exact impact of the fee is yet to be determined, the report highlights the potential consequences for both employers and foreign workers seeking to work in the United States.
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