With the new executive order from President Trump imposing a $100,000 fee for H-1B visa applications, small business owners are facing uncertainty and financial strain. Software engineering manager Abhishek Singh, who has worked in the US for ten years on a H-1B visa, expressed concern for his startup's ability to shoulder the burden. Although the fee will apply only to future applicants for now, the implications are profound, especially for smaller companies that are integral to innovation. Karen Brady of Ryther, a nonprofit, echoed these sentiments, stating that her organization cannot afford such costs, especially given an ongoing workforce shortage that H-1B visas have helped mitigate. As large tech firms navigate these changes effortlessly, the smaller companies may struggle to survive, potentially leading to offshoring talent and a contraction of the US labor force, as experts warn that the new policies may counteract their intended objectives.
'No Way We Can Afford $100,000': Small Businesses Fear Impact of New H-1B Visa Fees

'No Way We Can Afford $100,000': Small Businesses Fear Impact of New H-1B Visa Fees
New H-1B visa fee worries small businesses as they struggle to afford $100,000 applications amidst rising employment costs and a competitive labor market.
The recent executive order signed by Donald Trump imposing a $100,000 fee on H-1B visa applications adds new burdens on small firms and startups, raising concerns about its effects on innovation and economic growth, especially in sectors like tech, healthcare, and education.