Trump reaches the H-1B visas with a $ 100,000 rate, pointing to the program that launched Elon Musk and Instagram

President Trump has just been much more expensive for companies to hire foreign workers through the H-1B program. The White House Announced on Friday That Trump signed a proclamation that demanded that employers pay a considerable rate of $ 100,000 for new Visa H-1B requests, a huge jump from the current $ 215 lottery record rate.

H-1B visas allow US companies to hire foreign workers in fields that generally require technical experience such as IT, Engineering, Mathematics or Medicine. The program is limited to 65,000 new visas annually, plus 20,000 additional for foreign graduates with advanced titles from American universities. The visas are granted through a lottery system and generally the last three years, although the holders can extend them or request green cards.

The new administration movement is designed to take energetic measures in what it calls generalized abuses of the program, which blames by displacing US workers. According to the White House, the participation of IT workers with H-1B visas has fired from 32% in 2003 to more than 65% today, while unemployment among the recent graduates of computer science has reached 6.1%.

Silicon Valley will undoubtedly be in arms over the initiative. The restrictions point to a program that helped create some of the largest success stories in the region.

Elon Musk, Trump’s nearby ally for most of this year, initially worked in the United States in an H-1B after arriving as a student. In fact, Musk, who disagrees with a perceived critic of the H-1B program in December on its X platform, tweeted For the individual, that “the reason I am in the United States along with so many critical people who built Spacex, Tesla and hundreds of other companies that made the United States be strong is due to H1B. It takes a great step back and f*f*in the face. I will go to the war on this issue that you cannot understand.”

Mike Krieger, Instagram co -founder turned into Ai Giant Anthrope products director, is one of those aforementioned success stories. The Stanford graduate, born in Brazilian, worked on the early instant messaging platform Mebo with an H-1B visa.

Earlier this year, the National Risk Capital Association argued in a letter to the National Science Foundation that “to raise the annual limit of the H-1B visas issued every year to educated and highly qualified immigrants who work on works that require a substantial amount of technical and specialized training is essential to generate more successful companies based on immigrants.”

The NVCA said that, although “H-1B visas are not ideal for immigrants who want to find companies immediately in the US. (The requirement of the H-1B employer-employed makes it practically impossible for the founders to obtain directly, forcing them to spend years linked to employers before obtaining green cards that allow them almost abandoned the startup before it was launched due to those complications).

On Friday, technological leaders in X were already warning about the talent that fled to more welcoming countries.

Meanwhile, in its proclamation on Friday, the Trump administration was completely about their criticisms of the program, pointing to specific companies that approved thousands of H-1B workers while simultaneously fired US employees. According to the White House factor sheet, an unidentified company received approval for 5,189 H-1B workers this fiscal year while cutting approximately 16,000 jobs in the United States.

The proclamation, which says that it is partially rooted in an effort to “protect our national security,” includes maneuver margin; Case exemptions are possible if they are considered in national interest.

He also directs the Secretary of Labor to review the salary requirements to avoid the reduction of American wages.