Recent adjustments to the H-1B visa program, which have increased the cost and barriers for employers, are being examined for their potential effects on American technology companies and the nation’s ability to attract global talent.
The policy shifts, reportedly aimed at reducing labor arbitrage and prioritizing domestic workers, could lead to unforeseen consequences. The article suggests that if American firms find it economically unfeasible to employ foreign workers onshore, they may consider relocating entire operations abroad. This could potentially result in a decrease in employment opportunities within the United States and challenge America’s historical dominance in science and technology, which relied significantly on international talent.
Furthermore, as the U.S. adjusts its approach, other nations are actively competing to attract the same international talent. The long-term impact of these changes, specifically whether the benefits of reduced labor arbitrage will ultimately outweigh the costs associated with diminished talent attraction, remains a subject of ongoing discussion.
Source: www.thehindu.com