President Trump’s imposition of a $100,000 application fee for H-1B visas, the visas that enable US employers to hire skilled foreign workers in specialty occupations, is the latest evidence of his war on innovation. Trump’s justification for this fee is to make it easier for Americans to get jobs that foreign workers are allegedly taking. Of course, this justification is absurd because no country, even America, has an excess supply of smart, skilled, hardworking people who can quickly add value to an organization—let alone a country. Indeed, immigrants tend to contribute a disproportionate share of US inventions and aggregate innovation.
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