As the U.S. tightens immigration for skilled workers, innovation may shift to countries with more welcoming policies. This macroeconomic trend presents a personal finance strategy: diversifying portfolios with international ETFs to capture growth in emerging tech hubs and hedge against a potential decline in U.S. competitiveness.
The American Competitiveness and Workforce Improvement Act (ACWIA) mandates a fee within each H-1B application. This money is specifically used by the Department of Labor to fund training for U.S. workers in technology and other high-demand fields, directly linking the hiring of foreign talent to upskilling the domestic workforce.
U.S. Citizenship and Immigration Services (USCIS) is almost entirely funded by application fees, not taxes. A portion of these fees, including those from H-1B visas, is distributed to agencies like the Department of Homeland Security and ICE to investigate visa abuse and fund enforcement operations.
The "Trump Gold Card" program allows wealthy foreign nationals to gain U.S. residency quickly by paying a million-dollar fee. This policy, modeled after "golden visa" programs in other countries, shifts immigration strategy toward monetizing access for the ultra-rich to generate federal revenue without raising taxes.
Data from 2004-2023 reveals low unemployment in occupations that heavily utilize H-1B visas, such as tech and engineering. This suggests that foreign workers are filling a talent gap rather than displacing a large number of available American workers, challenging the narrative that immigration is a primary cause of job loss in these sectors.