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Startup founders say Trump’s $100K H-1B fee is a ‘talent tariff’ that will hurt innovation
The price hike for H1B visas could have detrimental impact on the startup industry, experts say.
On Friday, Trump announced that the fee hike, typically paid by the employer, would increase from $2,000-$5,000 to $100,000 per application, a change that will especially be felt with the new batch of visas available in March. He said expensive barriers for tech-worker visas could leave an innovation gap in the U.S. startup ecosystem because a large percentage of unicorns and decacorns are actually founded by immigrants. “If the U.S. is raising barriers, the U.K. and others should adapt accordingly to harness the amazing talent that exists from all corners of the world,” Oliver Kent-Braham, CEO and co-founder of the U.K.-based unicorn Marshmallow, told TechCrunch.
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