business / news / / The Economic Times
Trump administration proposal would require entry-level software engineers in San Francisco to earn $162,000 annually.
The Trump proposal would raise H-1B entry-level software engineer salaries in San Francisco to $162,000.
KEY POINTS
- Employers may face up to $43 billion in additional annual costs within three years due to new thresholds.
- The changes target staffing firms that previously flooded the H-1B lottery with low-wage candidates.
- Higher salary requirements are expected to reduce opportunities for newly graduated foreign students in the US.
- Some companies may relocate jobs overseas to avoid increased costs from stricter H-1B regulations.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →