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Key Points
- The H-1B visa program is a cornerstone of the United States’ workforce, granting entry to 85,000 workers each year.
- Over the past five years, key players in Australia’s tech industry have called on the government for a sector boost.
- Experts said the decision from the US presented an “enormous” opportunity for Australia to access high-level talent.
As Trump clamps down on foreign talent, closing the door on nearly 100,000 workers a year, could Australia open its own?
An ‘opportunity’ for the tech sector
In 2024, the largest cohort of migrant arrivals consisted of temporary students, comprising 207,000 of a total 446,000 in the twelve months to June 2024.
“Technology is now Australia’s third-largest industry, and with AI transforming every sector of the economy, the opportunity is bigger than ever … we just need to move fast enough to capture the full opportunity in front of us.”
‘I don’t think we’re going to become the new Silicon Valley’
Boucher said findings from a 2019 study on migrant interests and motivations found Australia had some draw-cards for potential skilled workers outside of its visa system, including that it was less expensive and had good weather in comparison to the US.
“I don’t think we’re going to become the new Silicon Valley.”
Issues for migrants
“It’s like starting from scratch,” he said.
The report found every state and territory would benefit financially if migrant workers were able to access appropriate job outcomes, with the report’s authors estimating Australia’s economy could be losing $9 billion per year.