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US elections 2024: With the US elections, H-1B visas have become a hot topic, now that Donald Trump has won, the question is, what will happen to the annual allocation of 85,000 H-1B visas?
Why is the change in H-1B visa policy a sensitive matter?
The H-1B visa allows IT companies like Tata Consultancy Services (TCS), Infosys, HCL Technologies and Wipro to send their employees to the US. However, according to reports, they depend on US customers for more than 50 percent of their revenue. However, now the situation regarding this American visa may change.
What is Donald Trump's opinion on H-1B visa?
Donald Trump has already described H1-B visa as “very bad” and “unfair” for American workers. In 2020, while he was president, the US Department of Labor proposed a new rule to raise the minimum wage for an H1-B visa holder above that of a standard US worker, but it was later shelved. If Trump wins, it is possible that he will put pressure on companies to provide jobs to local people. Apart from this, the salary limit can also be increased.
H-1B visa approval rates had declined during Trump's previous tenure. The eligibility criteria were further tightened. The condition for granting visa was only if the salary was high. Visa processing times were also extended, making it more difficult for people to obtain H-1B visas.
What is H-1B visa?
H-1B is a non-immigrant visa that allows US companies to recruit and hire foreign workers for specialized jobs such as science, technology, engineering, mathematics (STEM) and IT. The Homeland Security Secretary is also planning to sign an executive order banning legal immigration routes, The Wall Street Journal reports. According to the report, consultants including Stephen Miller and America First Policy Institute are also preparing executive orders, rules and memorandum for this.