Trump Administration Decision to extend the ban on issuing work visas by the end of this year, “there will be a blow to very early technology companies trying to get down to business,” said Sophie Alkorn, Silicon Valley immigration lawyer for TechCrunch.
In 2019 the federal government issued over 188,000 H-1B visas – Thousands of workers residing in the San Francisco Bay Area and other startup centers have H-1B and H-2B visas or J and L visas, which are expressly prohibited by the president’s ban. Typically, the government processes tens of thousands of visa applications and renewals in October at the beginning of the fiscal year, but an executive decree almost guarantees that new visas will not be issued until 2021.
Four TechCrunch employees analyzed the president’s actions, trying to understand what he portends for the technology industry, the US economy and our national image:
Danny Crichton: Trump’s ban is a “self-inflicted” blow to our fragile economy
America’s economic superiority is becoming increasingly shaky.
Outsourcing and offshoring have led to the loss of generational production skills, management incompetence has destroyed many of the country’s leading enterprises, and now the country is directly competing with China and other countries in mission-critical industries such as 5G, artificial intelligence, and other technological acronym alphabets. ,
We have one thing that no other country can compete with: our ability to attract the best talents. No other country accepts more immigrants, and no other country captures the imagination of most world leaders. America, whether it’s Silicon Valley, Wall Street, Hollywood, Harvard Square or somewhere in between, is the place where smart people gather.
Or at least it was.
Coronavirus was the first major blow, partially delivered to itself. Remote work encouraged employers to retain workers where they are located (both domestically and abroad), rather than centralizing them at several corporate headquarters. Meanwhile, students – the first step for many talented workers to enter the United States – are pausing for fear of renewed outbreaks of COVID-19 in America, while most of the rest of the developed world is reopening with a few cases.
The second blow was completely dealt to himself. Earlier this week, President Donald Trump announced that his administration would stop processing important work visas, such as the H-1B, due to the current state of the US economy.