In a significant policy shift, former President Trump plans to introduce a $100,000 application fee for H-1B foreign worker visas, a move that has already led to a decline in shares of IT consulting firms. This change is particularly impactful for Silicon Valley, where many companies rely on H-1B visas to hire skilled foreign talent. The increase in costs could deter businesses from applying for these visas, potentially leading to a talent shortage in the tech industry. This news matters as it highlights the ongoing debate over immigration policies and their effects on the economy.

Former President Donald Trump is reportedly planning to impose a hefty $100,000 fee for H-1B visas, a significant increase from the current costs of $215 for registration and $780 for the Form I-29. This move could have serious implications for businesses relying on skilled foreign workers, potentially stifling innovation and growth in various sectors. As the job market evolves, such high fees may deter talent from coming to the U.S., raising concerns about the future of the workforce.

In a controversial move, former President Trump has announced a $100,000 fee on H-1B visa applications, a decision that could significantly impact the tech industry and skilled foreign workers seeking employment in the U.S. This policy aims to deter companies from hiring foreign talent, raising concerns about its implications for innovation and economic growth. As the debate unfolds, many are questioning the long-term effects on the labor market and the competitiveness of American businesses.