H-1B visa ban costs US 100 100 billion

Washington, Ta. 23 October 2020, Friday

Trump's decision to ban H-1B visas until December has cost 100 billion. The claim was made in a report by the Brookings Institution, an American think tank. It has had a serious negative impact on 500 companies and will continue to have an impact in the years to come.

A report by the Brookings Institution, a US think tank, claimed that Trump's decision to ban visas would cost 100 billion. Trump announced the executive order on June 22 and banned it until December 2020. This has led to a halt in the entry of foreign nationals into the United States, especially on the H-1B visa category.

The decision had a serious negative impact on 500 companies, the report claimed. The IT sector has been hit the hardest by the influx of skilled workers from abroad. H-1B visas are the most popular among IT professionals and many Indian IT professionals go to the US on this category of visa.

A Brookings report said Trump's decision prevented nearly two million foreign experts from coming to the United States. This loss once will not be enough. The think tank claims that Trump's reckless decision will have repercussions in the years to come. Maybe it will have a negative impact on a permanent basis. The report said Trump's visa policy would have a profound effect on American work culture.

The think tank estimates that foreign universities will also have an impact on American universities. The impact of Trump's decision on science and technology will be long-lasting. The report was prepared by three professors together. Prithviraj Chauhan, an Indian-born professor at Harvard Business School, Britta Glennon, a professor at the University of Pennsylvania, and Danny Bahsar, an expert at the Brookings Institution, presented the report after studying various statistics.