The Trump administration’s two interim final rules that increased the wages of H-1B workers and tightened H-1B visa regulations to protect the jobs of American workers will, no doubt, have an impact on the IT and tech sector. Analysts said that these changes will mean additional costs and lesser margins for Indian IT firms.
Peter Bendor-Samuel, CEO, Everest Group, an IT consulting firm, explained that an increase in H-1B wages will bring downward pressure on margins as companies will not be able to pass on the higher cost to client visas, especially amidst the pandemic.
