U.S. President Donald Trump will push ahead with one of his major campaign pledges Tuesday when he signs an executive order that will overhaul the way foreign workers can work in high-skilled jobs in the U.S.
The order will direct federal agencies to recommend changes to the controversial H-1B temporary visa program, which has previously attracted criticism for disadvantaging American workers by replacing them with cheaper foreign workers.
However, the business community has voiced concerns that the revamp could hamper U.S. companies’ ability to attract top talent and, in turn, hurt the President’s pro-growth agenda.
“It’s not a zero-sum game,” Eamon Jubbawy, co-founder of software solution start-up Onfido, told CNBC over the phone Tuesday.
It is thought that new limits on foreign work visas could be especially painful for the technology sector, which has been a keen employer of overseas skilled workers and has spawned new start-ups in the country.
“There’s no limit to the number of people who can start a start-up,” said Jubbawy, arguing that the move to impose new limits on foreign visas could restrict new talent and prevent new business innovation.
via CNBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.