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Current economic situatiuon - impact on immigration?

Current economic situatiuon - impact on immigration?

Old Nov 2nd 2007, 7:31 pm
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Default Current economic situatiuon - impact on immigration?

Hey all,

Just wondered what peoples thoughts are as to whether they think that the current economic climate in the US and the, apparently, ever decreasing value of the already low dollar will have an impact on immigration?

I have a feeling that people might be put off - especially if they have financial responsibilities back in their own country's like mortgages or loans etc.

I suppose if your coming to the US as a refugee or someone without any financial ties to the outside world it isn't going to affect you much, but I guess this isn't going to apply to most people...
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Old Nov 2nd 2007, 7:51 pm
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Default Re: Current economic situatiuon - impact on immigration?

Retirees will love it though.
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Old Nov 2nd 2007, 8:12 pm
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Default Re: Current economic situatiuon - impact on immigration?

Some companies might not have the spare cash to spend on visas, but that would likely mean the queues for H1s might go down!
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Old Nov 2nd 2007, 8:26 pm
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by anotherlimey View Post
Some companies might not have the spare cash to spend on visas, but that would likely mean the queues for H1s might go down!
oohhh....excellent point..!
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Old Nov 2nd 2007, 9:05 pm
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by anotherlimey View Post
Some companies might not have the spare cash to spend on visas, but that would likely mean the queues for H1s might go down!
If a company can't afford a few grand to bring someone over, they're not really going to be able to afford an H1-B.
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Old Nov 2nd 2007, 9:44 pm
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by anotherlimey View Post
Some companies might not have the spare cash to spend on visas, but that would likely mean the queues for H1s might go down!
There is rumors of a new fee of $3500 on top of the current rate
for H1 next year ..to make a tad extra
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Old Nov 2nd 2007, 9:56 pm
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by Ray View Post
There is rumors of a new fee of $3500 on top of the current rate
for H1 next year ..to make a tad extra
you just love jinxing everything don'tcha .....
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Old Nov 2nd 2007, 11:26 pm
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by Ray View Post
There is rumors of a new fee of $3500 on top of the current rate
for H1 next year ..to make a tad extra
If it clears all the hurdles (and I think I read it passed the first) the filing fee is going to be about $5.5K for companies of more than 25 employees. I think its less for smaller businesses.
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Old Nov 3rd 2007, 12:12 am
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by dh010447 View Post
I have a feeling that people might be put off - especially if they have financial responsibilities back in their own country's like mortgages or loans etc.
On the other hand, people might be encouraged to sell up and come over - the worse the dollar gets, the more accessible the investor visa is to folks living in countries with strong currency vs the dollar.

Not saying they won't have some dramas when they get here, but they may well be able to get nicely set up in the first place...
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Old Nov 3rd 2007, 12:41 am
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Default Re: Current economic situatiuon - impact on immigration?

one thing I do know is that NYC is gonna be swarming in December with Brits coming over for a "shopping weekend"....buying up all the i-pods, levis's and trainers.....can't say I blame em...
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Old Nov 3rd 2007, 12:48 am
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by Dan725 View Post
On the other hand, people might be encouraged to sell up and come over - the worse the dollar gets, the more accessible the investor visa is to folks living in countries with strong currency vs the dollar.

Not saying they won't have some dramas when they get here, but they may well be able to get nicely set up in the first place...
Of course the major downside of that is that they're utterly flucked if things go tits up on this side, which happens.
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Old Nov 3rd 2007, 1:15 am
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by lisag8070 View Post
one thing I do know is that NYC is gonna be swarming in December with Brits coming over for a "shopping weekend"....buying up all the i-pods, levis's and trainers.....can't say I blame em...
too flippin right. The inlaws were over April just gone and they loved the exchange rate then. It's even better now (well for them over there)
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Old Nov 3rd 2007, 1:56 am
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by Paul S View Post
too flippin right. The inlaws were over April just gone and they loved the exchange rate then. It's even better now (well for them over there)
yea I'm already getting the phone calls from relatives asking how much would an i-pod cost over there and "what about them Ugg boots"

it just makes me wanna cry....because I want all this stuff too...
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Old Nov 4th 2007, 12:46 am
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Default Re: Current economic situatiuon - impact on immigration?

Originally Posted by dh010447 View Post
Hey all,

Just wondered what peoples thoughts are as to whether they think that the current economic climate in the US and the, apparently, ever decreasing value of the already low dollar will have an impact on immigration?

I have a feeling that people might be put off - especially if they have financial responsibilities back in their own country's like mortgages or loans etc.

I suppose if your coming to the US as a refugee or someone without any financial ties to the outside world it isn't going to affect you much, but I guess this isn't going to apply to most people...
the illegals will still keep coming.
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