Essayer OR - Gratuit

The Visas Dividing MAGA World Help Power the U.S. Tech Industry

Mint New Delhi

|

January 02, 2025

Behind the uproar over the H-1B visa is a simple fact: America's tech industry is hooked on imported labor.

- Paul Kiernan & Angel Au-Yeung

The program was at the center of a fight that broke out between President-elect Donald Trump's supporters over the holidays. Elon Musk and other tech executives defended H-1B visas as crucial to the success of U.S. businesses. Other stalwarts in the MAGA movement said tech companies should be forced to hire American workers.

Amazon.com, Google, and Tesla are among the biggest users of the visas, which let companies bring foreign workers to the U.S. on a temporary basis. The workers overwhelmingly come from India and fill jobs in such fields as software development, computer science, and engineering.

Created by Congress in 1990, the H-1B program is the main pathway to the U.S. for highly skilled foreign workers. Visa holders can eventually become eligible to apply for green cards, which would let them stay in the country indefinitely.

The program is vastly oversubscribed, with new visas capped at 85,000 a year. Companies file hundreds of thousands of petitions for the visas a year. A lottery system helps decide who gets in. Employees of universities and other nonprofits are generally exempt from the cap.

PLUS D'HISTOIRES DE Mint New Delhi

Mint New Delhi

Mint New Delhi

IN INDIA'S KNITWEAR CAPITAL, A SURVIVAL ACT

Hit by Trump's tariffs, textile manufacturers in Tiruppur are renegotiating deals while scouting for newer markets

time to read

7 mins

October 10, 2025

Mint New Delhi

Mint New Delhi

INDUSIND BANK RATED INDIA INVOLVED BY SKOCH FOR EXCELLENCE IN MSME BANKING

Once upon a spreadsheet, India's MSMEs were drowning in paperwork, late payments and queues that snaked through branch corridors like endless fiscal serpents.

time to read

2 mins

October 10, 2025

Mint New Delhi

Lodha faces execution test as H2 turns crucial for sales goal

The first half of fiscal year 2026 (FY26) was modest for realty firm Lodha Developers Ltd, with pre-sales or bookings up 8% year-on-year (yo-y) to ₹9,020 crore.

time to read

1 mins

October 10, 2025

Mint New Delhi

Inflation likely fell to 1.5% in Sep

India's retail inflation is likely to have cooled to 1.5% in September from 2.1% in August, mainly due to the statistical effect of a favourable base and easing food prices, according to 19 economists polled by Mint.

time to read

1 mins

October 10, 2025

Mint New Delhi

Capital goods shine selectively

The S&P BSE Capital Goods index gained 21% in the previous six months on the back of some key developments.

time to read

2 mins

October 10, 2025

Mint New Delhi

Sebi's Ananth Narayan steps down

Ananth Narayan G., the Securities and Exchange Board of India (Sebi) official who led the high-profile investigation of alleged market manipulation by US high-frequency trading firm Jane Street, stepped down on Thursday at the end of his three-year term.

time to read

1 min

October 10, 2025

Mint New Delhi

Mint New Delhi

Andreessen Horowitz to open office in Bengaluru

Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.

time to read

2 mins

October 10, 2025

Mint New Delhi

DoT says spectrum price fine, next auction hinges on demand

No telecom service provider (TSP) has approached the government with concerns over the high reserve prices for spectrum, Neeraj Mittal, telecom secretary, said on Thursday.

time to read

2 mins

October 10, 2025

Mint New Delhi

Mint New Delhi

Silver ETFs fired up by scarcity, festivals

Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.

time to read

2 mins

October 10, 2025

Mint New Delhi

AI BROKE THE INFO BOTTLENECK, BUT VALUE INVESTING STILL DEPENDS ON INSIGHT

In a Bloomberg column, Guy Spier argues that AI has ended the golden age of value investing by removing the old information edge.

time to read

3 mins

October 10, 2025

Listen

Translate

Share

-
+

Change font size