"That's why many are predicting that the $100,000 fees on new H-1B applications announced last week by U.S. President Donald Trump could have the unintended consequence of sending more tech jobs to Canada. It could also be a windfall for other countries, such as India and China, with more of their skilled highly workers staying or returning home instead of working in the U.S. after graduation."
"Indian and Chinese nationals make up 85% of H-1B visa recipients, according to an analysis by Pew Research -and many are opting for jobs at home. "Cities like Vancouver or Toronto will thrive instead of American cities," Garry Tan, CEO of prominent San Francisco startup incubator Y Combinator, wrote earlier this week in a now deleted X post, according to Bloomberg. And Royal Bank of Canada CEO Dave McKay told Bloomberg on Tuesday that the new H-1B rule "is going to help Canada retain some of those great students we brought in" instead of losing them to Silicon Valley-and make it easier to recruit others."
In 2007 Microsoft opened a software development center in Vancouver because U.S. reductions in H-1B visa quotas made hiring skilled foreign workers difficult and Canada had no such caps. Seven years later Microsoft added an engineering hub in Vancouver while Amazon, Facebook, and Salesforce also opened facilities in the city. The newly announced $100,000 fee on new H-1B applications could prompt more tech jobs to move to Canada. The fee could also encourage skilled workers to stay or return to India and China. Indian and Chinese nationals account for about 85% of H-1B recipients. Potential shifts could strengthen Canadian tech hubs and benefit other countries.
Read at Fortune
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