The number of H1B visa holders, the biggest dream of Indian IT workers, has plummeted. Despite the large number of overseas programs available to Indian IT companies, the number of H1B visa holders has reached its worst level in 10 years.
H1B Visa
The number of H1N1 visa holders, who are increasingly dependent on foreigners for employment in the United States, has fallen by 9 percent, the worst in 10 years, according to Bloomberg’s study of U.S. employment data.
Lottery selection
It is noteworthy that for the 3rd time, the US Citizens’ Organization conducted a lottery examination with various exemptions due to the lack of applications for H1B visas even recently.
Engineering and Accounting
The number of H1B visa holders, especially in the engineering and accounting sectors, fell by 12.6 percent in September 2024. The number of H1B visa holders in the category has been declining for the second year in a row.
Corona infection
The first major reason for this situation was the worldwide travel and visa ban due to the corona infection. The Omigron virus has exploded as the number of corona infections has been declining and the world has been expanding its air traffic permits in succession.
Donald Trump
While the Corona is on one side of the decline, former US President Donald Trump banned foreign workers with H1B and other key visas from entering the United States during the Corona period in order to give more jobs to Americans. This has also been a major factor in the decline
New bill in the United States .. Strict restrictions on H1B visas …!
If the big dream of Indian tech workers is to work in the US with an H1B visa, many who missed the opportunity to go to the US due to the many restrictions imposed on the H1B visa during the Trump regime. Under these circumstances, most of the restrictions imposed by Trump were removed within the first 8 months of the Biden regime.
A new bill is currently being tabled in the US Congress. The bill calls for stricter procedures under the H1B visa scheme.
American Tech Workforce
The bill, tabled in the US Congress under the American Tech Workforce Rule 2024, calls for a total ban on the Optional Pradical Training Program. It is alleged that the scheme is being misused by large corporations.
OPT project
It has been reported that large tech companies not only get tax breaks through the Optional Pratical Training (OPT) program, but also the privilege of hiring more employees at lower salaries. The bill is due to be tabled in the presence of members of the US Congress and decisions will be made soon.
Income measurement
Similarly, the annual income measurement required to issue an H1B visa must be determined, and the measurement must be determined based on the salary of the current incumbent American.
1 year only
The bill also seeks to reduce the H1B visa period from the current 3 years to 1 year.
Jim Banks
The bill was also introduced in Parliament by Jim Banks, chairman of the Republican Research Organization. The bill must first be approved for discussion and then finalized in consultation and enacted into law.
Tax concession
Jim Banks has accused large companies in the United States of being unpatriotic, even though they have benefited the most from tax breaks. He also accused big companies in the United States of giving important jobs to foreigners rather than to Americans.
