Newly announced reforms to the H-1B immigrant visa system have the potential to reduce the number of foreign workers allowed into the U.S., just as the Donald Trump administration intends. Trump has already modified the H-1B program, which brings 85,000 skilled workers to the U.S. a year, but the new rules go further. To prevent businesses from undercutting wages, the government will also require employers to increase the salaries of H-1B visa holders. The administration expects the changes to reduce demand for H-1B visas by one-third and sees this as a triumph for U.S. workers. The new policy requires all medical professionals on H-1B visas to be paid at least $208,000, regardless of specialty or experience.

Source: Mint October 21, 2020 00:00 UTC