H-1B visas Matter to JPMorgan: CEO Jamie Dimon explains: 'We have to stay attractive ...'- Here's the reason

JPMorgan Chase CEO Jamie Dimon opened after US President Donald Trump signed a proclamation that imposed a $ 100,000 fee for H-1B visas, which is widely used by the technology industry. In an interview with The Times of India, Dimon explained why the H-1B Visa Fee increase decision for JPMorgan is of interest. For the company, says Dimon, visa matters are matter because it continues to make people around the world move a multinational business. “For us, visa matters are because our people are moving around worldwide – experts who are promoted to new work in different markets,” he said. He said the US should remain an attractive destination for immigrants. “The challenge is that the US still has to remain an attractive destination.” In a separate interview with CNBC-TV18, JPMorgan Chase CEO said that the $ 100,000 fee on H-1B visa “all caught from outside, which raises concerns about companies that rely on competent workers”. Jamie Dimon, who emphasizes the importance of merit-based immigration, said that US businesses could interact with the government. “I think it will finally settle down. It caught everyone off guard, which is why we had many phone calls this weekend. What does that mean? And according to what I understand, it means new H-1B visas and many H-1Bs go there because they need the expertise. And so I’m sure many people will explain to the US government why we believe in it. I believe in merit-based immigration, ‘he says. H-1B visa restrictions hit Jamie Dimon for Jamie Dimon, the fee imposed on H-1B visa, is not just about the professional part of it. Trump’s decision is also getting closer to home for the JPMorgan Chase CEO. “My grandparents were Greek immigrants who never completed high school,” he told Toi. “America is an immigrant nation, and it is part of its nuclear power,” Dimon added. Dimon is one of the few business people who talked about the H-1B Visa Fee increase. The announcement of the White House on September 19 of a $ 100,000 fee panicked among employers and workers, especially in the technical sector, who used it to bring in trained engineers and programmers. A separate proposal released on Tuesday will review the annual Lottery for H-1B visas, giving applicants with a higher paid job, a better chance of being selected.