The Tech giants started petitioning the US administration, especially Trump that H1B visas are integral for COVID recovery. Companies like Amazon, Google, Accenture, Facebook, IBM are some of the companies to start the petition.
These companies are asking to continue to allow them to hire these highly skilled people. They believe that they are an integral part of the COVID-19 recovery plan for the USA
Advocacy firm ITI, present in Washington said that these big companies are concerned about the news of the suspension of H1B visas. These non-immigrant work visas are in need in these dire times.
The CEO of ITI said that these firms are anxious to get their employees back and the labor market has already started working. He also re-iterated that foreign-born workers are crucial to recovery.
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The CEO of the US Chamber of Commerce, Tom Donohue also pointed out to the US government that as the economy bounces back, the American firms need support to meet the needs of their workforce.
US-India business council that has members belonging to HCL, Citi India, Bharat Forge also agreed with Mr.Donohue on this. Mr.Oxman, the CEO of ITI said that the unemployment rate in the software side has decreased from 3% in January 2020, to 2.8% in April 2020
Who benefits from the H1B visas
Indians are the ones who are benefitting the most with the H1B visas. Recently Wall Street Journal published an article that Trump administration will suspend all the new H1B visas. The reasons for this are to control the coronavirus and increase the employment of US-based citizens.
Mr.Donohue says that if companies cannot hire H1B employees, productivity growth will deter. This is especially in the patent production sector. Ultimately this is a great cause for the economic slowdown
He further adds that these short-term restrictions of H1B and L1 visas will have a long term impact on the business plans of the company. Along with H1B visas, these restrictions might apply to H2B visas and J-1 visas which are for short-term seasonal workers and short-term camp counselors respectively.
What does White House think about this?
A White House spokesperson said that the administration is actively evaluating various options, especially to protect American workers. Although no decision is made.