Part 8/11:
India, responsible for approximately 75% of all H1B visas, will likely be the most affected. The restrictions could strain the economic relationship between the U.S. and India, impacting Indian IT companies that rely heavily on the visa program.
Broader Market and Economic Effects
Cost of Goods and Services: The increased labor costs for companies may be passed on to consumers, resulting in higher prices for tech gadgets, enterprise software, and services.
Shift to Onshore and Remote Work: Companies may favor offshoring and remote work models over bringing employees physically into the U.S., reducing the volume of H1B visa applications but possibly increasing offshore expenses.