🔊 Donald Trump suspended H-1B, L-1 and other temporary work permits, which he said is aimed at protecting local workers who are facing unemployment due to the spread of the novel corona-virus. The decision was damned by the US tech industry, which said it would hurt innovation and delay the recovery of the US economy. In a statement Donald Trump said "We have a moral duty to create an immigration system that protects the lives and jobs of our citizens". The issuing of the these specific types of visas by USA are suspended till 31th Dec 2020.
👉So let us understand the what are these H-1B, L-1 visa which are suspend US to protect there domestic workers who had been impacted due to a contraction in the economy in the wake of the Covid-19 pandemic.
⧭ H-1B visa means that it is for Person for the Specialty Occupation that require a higher education degree of its equivalent this type of visa remains the most popular among Indian IT companies. And in order to fill up the gap between highly-skilled low-cost employees in IT and other related areas, the US administration issues a certain number of visas each year which allows companies from outside the US to send employees to work on client sites. Every year US Government has a capacity of around 85,000 total H-1B, out of these visas around 65,000 H-1B visas are issued to highly skilled foreign workers, while other remaining 20,000 visas are issued to highly skilled foreign worker who have studied higher education & masters degrees from american universities. Next are the L-1 visas which are issued by US government for the companies to transfer highly skilled workers to US for a period of up to seven years. Lastly H-2B are the visas which allows food & agricultural workers to seek employment in the US.
⧭ The suspension of the visas can be proves beneficial for the Indian IT industry as well as India, as proved in the past also you all know the "SNAPDEAL", the Co-founder of Snapdeal Kunal Bahl was employed with Microsoft in its Seattle corporate headquarters, his visa application was rejected. The rejection, which may have been disappointing for him then, was a shining opportunity for the 36-year-old entrepreneur. The day after Trump's move to freeze the H-1B visa, Ash Lilani, Founder & Managing Partner of Saama Capital, took to Twitter to remind his timeline that this can be a big opportunity for Indian techies. And Quoting Lilani's tweet, Snapdeal founder mentioned that 'India is the land of big opportunities'. "I didn't know this 13 years ago when my H1-B visa was rejected, but haven't regretted a moment since," he wrote.
⧭ The share of visas used by the US firms such as Amazon, Google, Facebook & Microsoft has been rising steadily as show in the image below: Source)
