from Financial Survival Network
Steve Maggi is a lawyer, former immigrant, and naturalized U.S. Citizen. President Trump signed an executive order Monday suspending several popular working visas until the end of the year. The new restrictions will apply to a host of employment-based visas.
This is just another blow to immigrants – not to mention the legal apparatus, private and otherwise, which depends on these visas to retain and generate business,” says Immigration Attorney and Founder of Immigration Law Firm ‘SMA Law’ in Long Island City .
The ban on new visas applies to H-1B visas, which are used by major American technology companies, and their immediate families, H-2B visas for non-agricultural seasonal workers, J-1 visas for exchange students and L-1 visas for managers of multinational corporations.
Is it more political than for purposes of sound economic policy? This policy will stop businesses from opening US divisions because their managers can’t get Visas. In addition, H1B visa applicants are being paid a prevailing wage, so there’s no worker importation to save costs on American workers. Let’s see where this goes after the election.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/31B2Tiq
