Reply to post:

President Trump's H-1B visa crackdown wiped $100bn off market value of America's largest corps, top study finds

Anonymous Coward
Anonymous Coward

And the assessment was carried out over a few weeks only - recruitment or hiring of local labor takes longer than that - nevermind developing strategy for it. Of course there isnt evidence of recruitment - there isnt any evidence of increased offshoring either - that was surmised by the author.

The policy stings HCL and TCS, though.

The bit about Doctorates having to seek extensions made me laugh. Less than 14% of graduates are doctorate graduates - probably much less in international students.

I wonder how they weigh in for the global impact of the pandemic - the margin of error would be larger than the figure they quote... (100Bn between industries with a market cap of over 22680 Bn)

Globally, the hit on market cap in the us because of the pandemic has cost (by some estimates) over 30,000 Bn.... And US federal spend alone has exceeded 6000 Bn - which as got to stimulate something.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon