JPMorgan: Trump's $100,000 H-1B Fee Could Slash 5,500 Work Permits Monthly

• JPMorgan Chase & Co. warns Trump's proposed $100,000 H-1B visa fee could cut 5,500 work permits monthly.
• Economists note the fee hike would deter US companies from sponsoring mid-level positions, impacting Indian engineers and IT firms.
• The bank flagged rising staffing costs and risks to America's innovation edge due to curbs on global talent mobility.
• Netflix co-founder Reed Hastings supports the fee despite tech sector backlash; Trump announced the increase from $2,000-$5,000.
• Critics argue the policy could make the US less attractive to international talent and raise equity concerns, favoring wealthier applicants.