This is absolutely insane!! Trump has just signed an executive order: the H1-B visa will now require a fee of $100,000!👀https://ibef.org/industry/ecommer
ce-presentation
This is the reality, and the real unemployment rate in the United States will be higher.
On the surface, it looks like a move to crack down on companies outsourcing jobs to foreign workers. But in reality, it could backfire: offshore outsourcing may actually increase, leaving even fewer jobs for Americans.
The policy mainly targets India, and it could end up pushing U.S. companies to shift more of their operations directly to India.
The real question now is: how do we ensure that American jobs are protected and not taken away by India?
The approximate number of jobs outsourced from the United States each year
Multiple sources estimate that about 3,000,000 jobs are outsourced from the U.S. to other countries annually.
India’s IT-BPM (Information Technology & Business Process Management) industry employed around 5.4 million people in 2023.
The majority of India’s IT-BPM revenue comes from export services, meaning outsourced work for foreign companies — many of which are American firms.