The new USD 100,000 application fee for H-1B visas imposed by the United States (US) administration could cut immigrant work authorisations by as many as 5,500 each month, according to JP Morgan Chase.

Economists at JPMorgan Chase, Abiel Reinhart and Michael Feroli, said while the number may seem “fairly small” compared to the overall US labour market, adding that technology firms and Indian workers would face the most impact.

Advertisement

Of the 141,000 H-1B petitions approved for new employment last year, roughly 65,000 were processed abroad. These cases, economists noted, are most vulnerable to the new fee, Bloomberg reported.

“If all of them were to stop, it would reduce work authorisation for immigrants by up to 5,500 per month, unless immigrants are able to use other visa catego

See Full Page