How Did Trump’s H-1B Visa Hike Spark Panic?

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Transcript

00:00Jono, really this decision did send absolute shockwaves around the world. It actually sent panic.

00:08It did and there's videos that have emerged of people who have disembarked flights and had their luggage taken off flights

00:13because they were so concerned about their re-entry to the US that they didn't want to leave.

00:17And I guess when something is rushed and it's a bullet point format, it's difficult to take away any real knowledge from it.

00:24So all the people were getting bits and drips and drabs of information was that this was changing.

00:29Now it would be 100,000 US dollars. Maybe if you left the country you couldn't get back in again.

00:33I think it was a knee-jerk reaction that was probably unnecessary.

00:36IT firms as a result and Indian IT firms, as you rightly pointed out, saw a tumble in the stock market as well.

00:41So there was a mix of that. India's government had then come to the fore just on the information that they've seen,

00:46which is very, very limited info about the change to the H1B visas.

00:51They've said this is a humanitarian issue. You know, there's families who may be in concern of that.

00:56And now that we have slightly more information, but still not an entire picture, we know that that may not be the case.

01:01And it's visas going forward from this moment forward that it will affect.

01:04So immigration lawyers are looking into it and it will take a bit of time, just like anything this administration does, to dissect it.

01:11It tends to be laws in tweets is what we're seeing.

01:13If it's 160 characters, let's get it out there and let everybody see what it is.

01:16And then we'll dissect it afterwards and see what the ins and outs of it are.

01:20And what we're now finding out is that, yes, there's an increase in the amount that it's going to cost to obtain one of these H1B visas,

01:26of which I think it's 70% plus our Indian nationals.

01:29And we now know the amount is realistically probably in the figure of 80 times more than what it was,

01:3460 to 80 times more than what it was previously.

01:37And these visas were there for skilled workers.

01:40With this administration, it's kind of keeping true to what they said.

01:44This is an immigration issue of sorts, and it's jobs for Americans in America.

01:50That's what Trump said, right? That's what we had in the pre-election.

01:53A couple of years ago, we've got to try to get the kids to do.

01:56To do it again, we'll see you next week.

01:59I hope you want to see the kids that have a lot with your ability to walk from past!

02:02That's what you're going to be looking for.

02:04I hope you enjoyed seeing the kids.

02:05It's funny.

02:06You're not even though not that you're going to be in the first time.

02:08I need to make your kids.

02:09I keep learning more about them.

02:10I feel like that you've got some of your kids here.

02:13Today, it's half a day.