The Trump administration’s decision to extend its restriction on releasing work visas to the end of this year “would be a blow to really early-stage tech business trying to get off the ground, “Silicon Valley immigration lawyer Sophie Alcorn told TechCrunch this week. In 2019, the federal government released more than 188,000 H-1B visas– thousands of workers who reside in the San Francisco Bay Area and other start-up hubs hold H-1B and H-2B visas or J and L visas, which are explicitly prohibited under the president’s ban. Generally, the federal government would process tens of countless visa applications and renewals in October at the start of its , however the executive order all however ensures new visas won’t be granted until 2021. 4 TechCrunch staffers evaluated the president’s relocation in an effort to see what it portends for the tech industry, the
U.S. economy and our nationwide image: Danny Crichton: Trump’s ban is a”self-inflicted”blow to our precarious economy America’s economic supremacy is significantly precarious.
Outsourcing and offshoring led to a generational loss of manufacturing abilities, management incompetence exterminated many of the country’s leading services and the nation now competes straight with China and other countries in crucial emerging markets like 5G, expert system and the other alphabet soup of technological acronyms. We have one thing opting for us that no other country can equal: our ability to draw in top skill. No other country hosts more immigrants, nor does any other country catch the creativity of a higher portion of
the world’s top minds. America– whether Silicon Valley, Wall Street, Hollywood, Harvard Square or anywhere in between– is where wise people gather together. Or a minimum of, it was. The coronavirus was the first significant blow, partially self-inflicted. Remote work pressed employers toward keeping workers where they are (both locally and overseas)instead of centralizing them in a handful of corporate HQs. Students– the
first very first for many talented workers to enter go into United States– are taking a pauseTime out fearing renewed restored of COVID-19 in America while much of the rest of the developed world reopens with few cases. The second blow was entirely self-inflicted. Earlier this week, President Donald Trump announced that his administration would halt processing critical employee visas like the H-1B due to the current state of the American economy. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.