A single visa costs 100,000 US dollars. The US government is desperate for money! On September 20, according to foreign media reports, the foreign media reported that President Trump plans to sign a presidential proclamation this Friday to make significant reforms to the H-1B specialty occupation visa system, increasing the application fees dramatically to 100,000 US dollars. Originally, the total cost of an H-1B visa in the United States ranged from 2,400 to 3,200 US dollars. However, if the new policy is implemented, the fees would be increased by 30 to 40 times.

Why does the United States want to do this? According to its own statement, the first reason is that the H-1B system is being exploited by some companies to hire foreign employees with lower wages, leading to the replacement of American local workers and forming so-called national security threats. The second reason is that the large influx of low-wage foreign labor not only lowers overall salaries but also outsources high-paying jobs that should belong to American youth.

However, the US government's words are noble, but the most essential reason might still be about making money. Relevant data show that the annual quota for H-1B visas is 85,000. If the standard is set at 100,000 US dollars per visa, this adjustment could generate 8.5 billion US dollars in revenue for the United States. Of course, if this system is implemented, the first to be affected will be American technology companies. Because H-1B visas have long been an important channel for the US tech industry to attract global high-tech talent.

These tech talents mainly come from India and China. Of course, the details of the US relevant measures have not been announced yet, but this high visa fee is likely to end up mostly on American technology companies, which will inevitably make American companies carefully calculate the cost when hiring foreign talents. From a national perspective, countries strive to attract outstanding talents by offering favorable treatment. Now, the US offers no favorable treatment, but instead even raises the threshold. This system, in a way, is undermining the foundation of the US technological competitiveness.

Original article: www.toutiao.com/article/1843741179928843/

Statement: This article represents the views of the author.