President Donald Trump signed an executive order in Wisconsin on Tuesday directing federal agencies to implement the "Buy American, Hire American" rhetoric of his campaign. The executive order specifically targets the H-1B visa program, which allows 85,000 foreign workers into the United States each year to take specific high-skilled jobs with U.S. companies. By contrast, the economy has created over 560,000 positions since the start of 2017 and more than 14 million since the end of the Great Recession.
"That's not a trivial number, but it's also a very, very small slice of all engineers in America," said Harry Holzer, Professor of Public Policy at Georgetown University. The Trump administration plans to explore ways to weight H-1B visa approvals toward higher-skilled, higher-paid workers and away from the current lottery system. According to the Department of Labor Larger tech companies Like Amazon, Apple, Alphabet and Microsoft also depend on the program. The order will not take any direct actions but is a way to put H-1B dependent firms "on notice."
This article was written by a staff member of TheStreet.