Bloomberg Intelligence Presents: What Every CEO Should Know About H-1B

The video discusses Bloomberg's research on the impact of visa policies on high-skilled labor and digital transformation. It highlights increased scrutiny on H1B visas, leading to more students choosing Canada and Australia over the US. The demand for cloud and AI technologies exacerbates the skilled labor shortage. Companies are offshoring work due to cost pressures and visa challenges. The video suggests increasing H1B quotas and easing green card processes to attract talent. It also predicts more technology centers outside the US and emphasizes the need for strategic IT investments.

What has been a significant consequence of increased scrutiny on the H1B visa program?

• More students moving to the US

• Higher corporate IT budgets

• Increased student enrollment in Canada and Australia

• Decrease in cloud technology demand

Which countries have seen an increase in student enrollment due to US visa issues?

• Mexico and India

• Canada and Australia

• Germany and France

• China and Japan

What is a major challenge companies face due to the shortage of skilled labor?

• Lack of investment in cloud technology

• Decreased demand for digital transformation

• Difficulty in hiring skilled workers

• Increased visa approvals

What percentage of total tech spending does cloud spending currently represent?

• Less than 10-15%

• More than 50%

• Exactly 20%

• Around 30%

How are companies managing their budgets in response to strict H1B visa policies?

• Hiring more local engineers

• Outsourcing more work offshore

• Reducing investments in emerging technologies

• Increasing onshore work

What is one proposed solution to attract more high-skilled talent to the US?

• Decreasing H1B quotas

• Easing green card processes

• Increasing visa denials

• Reducing technology investments

What is a potential impact of not overhauling the visa program?

• Reduction in technology centers outside the US

• Increase in US-based company growth

• Sustained growth for offshore companies

• Decrease in offshore work