The Trump administration recently announced a massive change to the H-1B visa program, raising the application fee from $2,000-$5,000 to $100,000 per visa. The change has sent shockwaves through the startup world, with founders warning it could price them out of hiring international talent and undermine U.S. innovation.

Today on TechCrunch's Equity podcast, Dominic-Madori Davis was joined by Jeremy Neufeld, the Director of Immigration Policy at the Institute for Progress, to break down what this H-1B change means for startups, founders, and the future of tech talent in America.

Listen to the full episode to hear about:

The massive loophole that lets 80% of H-1B applicants skip the $100,000 fee entirely

Why the new wage system could give more visa slots to experienced acupuncturists than fresh AI PhD grads making $200K

Why universities and national labs are stuck in limbo, knowing they have to pay but not knowing how

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.

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