H-1B Fee Risks Up to 5,500 Work Permits a Month, JPMorgan Says

The White House’s new $100,000 fee on H-1B visa applications could reduce work authorizations for immigrants by as many as 5,500 a month, according to an analysis by JPMorgan Chase & Co. economists.

Though the number of affected workers is “fairly small” in the context of the overall US labor market, Abiel Reinhart and Michael Feroli wrote in a note, technology companies and immigrants from India stand to face a greater impact.