The Ledger
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Kim: U.S. may lose default destination status for global tech talent
“Like, it is not necessarily going to be the case that the US continues to be the default destination when every other country is now catching up.”
Over 780,000 applicants registered for just 65,000 U.S. H-1B visas last year
“And so you think about last year, same 65,000 spots, 780,000 people registered.”
Only 10,000 people apply for O-1 visas annually, mostly non-STEM talent
“Right now there are 10,000 people who apply roughly every year and only less than half of them are what you would call stem talent, like individuals with technical degrees.”
Kim: USCIS premium processing guarantees O-1 visa decisions in 15 days
“Depending on the visa category, so for like something like an O, you pay, you know, a couple thousand dollars to the, to USCIS, and it means you are guaranteed an outcome within 15 calendar days.”
The U.S. hit its 65,000 H-1B visa annual cap by 1997
“In 1990, we said, okay, we will allow 65,000 of them a year. And the trouble is that there are many, many more people. There's like over demand than there is supply. And so the cap, which is 65,000 H one B's every year in. 1997, if I remember correctly, basica…”