American companies looking to hire qualified labor must take use of the H-1B visa program. Understanding how Donald Trump's actions affected this program throughout his first term is crucial as his reelection approaches. Non-immigrant workers in specialized vocations are permitted to work in the US under the H-1B visa.
H-1B Visa Program Overview
- Permits the American employers to hire foreign workers in positions that require specialty and a bachelor’s degree.
- The US government has the ability to set a 65,000 H-1B limit per fiscal year with a further 20,000 for those with a master’s degree.
- H1B is composed of 72.3% Indians with over 279,000 visas in FY2023.
- About 65% of H-1B occupationally employed occupations are computer-related, while architecture and engineering took 9.5% and education being 6%.
- Yearly approval trends of H-1B have shown up-and-down movement with further decline in 2020 due to COVID-19 restrictions.
- Even under Trump’s administration, the approval rate tends to decline where the denial rate for applications has gone up to 24% in 2018 from 6% in 2016.
- The Trump non-integration policies, such as high tariffs and immigration, could influence the H-1B program.
- Ideas of Trump 2.0 include the automatic granting of green cards for foreign students graduating from colleges in the United States.
- Recently, Trump's policies have triggered inflation due to the imposition of tariffs on imports, a factor that will impact international markets such as the Indian.
Month: Current Affairs - November 28, 2024
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