Musk says H-1B visas being 'gamed' by outsourcing firms
9 days ago
- #H-1B visas
- #US-India trade
- #Elon Musk
- Elon Musk claims H-1B visas are being 'gamed' by outsourcing firms but opposes dismantling the system.
- 70% of H-1B visas are used by Indian citizens in tech and medicine sectors.
- President Trump added a $100,000 fee for H-1B applicants, causing concern among Indian workers.
- Musk acknowledges the benefits of Indian migrant workers but highlights visa misuse concerns.
- H-1B visas are lottery-based, with accusations of manipulation by outsourcing firms.
- H-1B approvals for Indian outsourcing firms have dropped to a decade low.
- Musk criticizes Trump's tariff policies, calling them market-distorting.
- US imposed 50% tariffs on Indian goods, including penalties for Russian oil purchases.
- India-US trade deal negotiations are ongoing, aiming for conclusion by year-end.