New $100K H-1B Visa Fee Pushes Tech Jobs Offshore

The US government has introduced a new $100,000 fee for H-1B visas, which could potentially push tech jobs offshore due to the increased cost. The fee is aimed at raising revenue and reducing the number of applications, but critics argue that it will disproportionately affect small and medium-sized businesses. The H-1B visa program allows US companies to hire foreign workers in specialty occupations, with a cap of 85,000 new visas per year. The new fee is expected to generate $700 million in revenue for the US Treasury, but the impact on the tech industry remains uncertain.