H-1B visa fee hike: JP Morgan economists warn; US firms affected

JPMorgan economists foresee a potential reduction of 5,500 work authorizations monthly due to President Trump’s $100,000 H-1B visa fee. This could deter foreign students and limit post-graduation opportunities. Tech and consulting firms may reconsider hiring foreign talent, impacting innovation and project timelines, disproportionately affecting Indian workers in computer-related roles.

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