Will the H1B holders who earn less than 100k continue to hold their VISA? Or will employers have to bump their salary/lay them off? This will mostly affect employment in non-IT fields as salaries are not always above 100k.
If the new H1B bill with 100k salary cap is introduced, how will it affect the current H1B holders?
Most of the low profile H jobs will vanish. New H aspirants would not have any chance in future. Totally its bad for visa based jobs.
I am talking about the current job holders who earn less than 100k and not the new aspirants. Can the current holders of H1B continue their employment?
Again current folks under $100K may have difficult times to get their employers match that number unless and otherwise the employer cuts their margins/Clients are ready to pay more to match the change/Employees are really talented and find a higher paying jobs around. There is no math here, money should come from somewhere OR position becomes unbearable at that pay check and vanishes.