High-skilled H-1B visa applications just hit a record high

Visa H1-B worker applications

Foreigners with high level skills are applying for H-1B visas at a record rate.

This year, 236,000 foreigners applied for the H-1B, up 3,000 from 2015 and up significantly from 2014 when 172,500 applications were filed.

Unfortunately for those workers, the US Citizenship and Immigration Services will grant just 85,000 H-1B visas and 20,000 of those have been reserved for worker’s with a master’s degree.

The visa recipients were chosen by lottery on Saturday, April 9.

Because of an increase number of applications some states have started to introduce programs that allow immigrants to get around the H-1B cap.

The biggest supporter of increasing H-1B limits is Silicon Valley. Leaders in the area argue that talented tech workers will take their education and ideas elsewhere, crippling innovation in the United States.

A recent study from the┬áNational Foundation for American Policy discovered that 50% of the U.S.’s “unicorns” has at least one immigrant founder.

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Written by John Howard

John Howard

John Howard is the Business Editor at BusinessPundit.com. He is an avid watcher of markets, a wallflower of retail, and a fan of disruptive businesses that utilize technology and unique ideas to form brilliant new ways of doing business.