“U.S. banks and hedge funds have no need of H1B Visa talent for elite roles”

As we've noted here before, big banks and big technology firms have been big users of H1B visas, which enabled them to hire-in global talent and that were temporarily banned by President Trump in June 2020. Despite protestations that the ban will lead to pay inflation for the "finite pool of super-smart folks" that have U.S. citizenship, the ban also supporters who see favorable elements. Among them is Hal Salzman, a professor of planning and public policy at Rutgers University...