Earlier this month, President Donald Trump announced a $100,000 fee on new H-1B visa petitioners. Today on the show, we talk to an economist about how much H-1B visa holders have contributed to US growth, their effects on American-born workers, and why the United States’ competitors are taking advantage of this moment.  Related episodes:  <a href="https://www.npr.org/2025/05/01/1248444373/how-much-international-students-matter-to-the-economy"target="_blank" >How much international students matter to the economy</a>  <a href="https://www.npr.org/2023/01/09/1147977339/the-precarity-of-the-h-1b-work-visa"target="_blank" >The precarity of the H-1B work visa</a>  <a href="https://www.npr.org/2022/11/04/1134417921/could-foreign-workers-unlock-americas-tight-labor-market"target="_blank" >Could foreign workers unlock America's tight labor market?</a>  For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/"target="_blank" >plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez"target="_blank" >Sierra Juarez</a>. Music by <a href="https://dropelectric.bandcamp.com/"target="_blank" >Drop Electric</a>. Find us: <a href="https://www.tiktok.com/@planetmoney"target="_blank" >TikTok</a>, <a href="https://www.instagram.com/planetmoney/"target="_blank" >Instagram</a>, <a href="https://www.facebook.com/planetmoney"target="_blank" >Facebook</a>, <a href="https://www.npr.org/newsletter/money"target="_blank" >Newsletter</a>.   Learn more about sponsor message choices: <a href="https://podcastchoices.com/adchoices">podcastchoices.com/adchoices</a> <a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>

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