A new JPMORGAN Chase is shatding light on the chilling effect that the h-1b visa overhaul could have on the American Labor Market.
The Report, Published Tuesday, predicts that the us May 5,500 FEWER WORK AUTHORIZATIONS EACH MONTH AS COMPANIES AT THE EYE POPPING $ 100,000 Cost for New Application.
They Reached That Number by Taking the Total Number of New Employment Petitions for Fiscal 2024, OR 141,000, and Projecting How Many of them were processing in consulates outside the United States. Those Roughly 65,000 Consular Petitions Are Most Likely to Be Impacted by the New Fee, The Report Said.
“It is posseible that this Change will will make mess attractive for foreign students to come to the United States,” The Report Warned, ADding that the Changes Reduce this Population’s Post-Gradivation JOB OPPORTINITIES IN THE US. “
The Sweeping Policy Change, Signed by President Trump on Friday, is Designed to Keep US in the Hands of American Workers.
The reaction was swift, prompting panic on airplanes, confusion in c-suites, and unrest among early-career People World short-and long-term prospects. The Report Said That Many of the World’s Leading Companies use the Visa Program, Including Consulting Firms, which Amounted to Nearly Half Year’s Top 50 H-1B Beneficias.
Last Year, About 70% of H-1b Visa Applications Were Awarded to Workers from India, and About Two-Thirds Were Focussed on Computer-Relay Jobs, The Report Said.
That’s why the moving to hike the visa fees so dramatically could be particularly paintful for immigrant workers Coming from India, the Report Said, Thuhugh “The Number of Affected Workers is Fairly Small” in aggregate.
Correction: September 23, 2025 -An Earlier version of this story Misstained the Nature of the H-1b Visa Change. It was the result of an executive orders.