Summary of Dark Reality Of Going To US To Make More Money | Ep 25
The video discusses the challenges and realities faced by Indians seeking to migrate to the United States for better economic opportunities. The main points covered include:
- Wealth Generation: Individuals who have spent time in the US can potentially earn 5 to 10 times more than those who remain in India. However, the pathway to achieve this wealth is fraught with hurdles.
- Visa and immigration Challenges: The US immigration system presents significant obstacles for Indian nationals. After graduating on a student visa, individuals have a limited window (2-3 months) to secure a job to remain in the country. The H1B visa, which allows for employment, has a strict cap of 65,000 visas per year, with millions competing for these spots, resulting in less than a 10% chance of success.
- Alternative Visa Options: The EB5 visa program allows individuals to obtain a green card through investment, requiring a minimum investment of $800,000 to create jobs in the US. However, this amount is often beyond the reach of many aspiring migrants.
- Teaching as a Viable Pathway: The video highlights a shortage of teachers in the US as a potential opportunity for Indians. By obtaining a teaching certification, individuals can secure non-cap-based H1B visas, which are not subject to the same lottery system as regular H1B applications.
- Other Countries: The discussion touches on other countries like Canada, the UK, and Australia, which have become less favorable for Indian migrants due to stricter immigration policies and job shortages. In contrast, the UAE is gaining popularity due to its zero tax policy and job opportunities.
- Financial Implications: The high cost of education in the US (approximately ₹1 crore for a master's degree) poses significant financial risks. Many graduates struggle to repay their loans upon returning to India, leading to financial distress.
- health insurance Considerations: Migrants need to obtain health insurance in the US, as Indian health insurance does not cover them abroad. It's crucial to choose a comprehensive plan to avoid unexpected medical expenses.
Overall, while the American dream remains appealing, the complexities of immigration and financial burdens make the journey challenging for many Indians.
Presenters/Contributors
- The video features a discussion between an unnamed host and an expert in immigration and career guidance.
Notable Quotes
— 00:30 — « The average tuition fees right now to get a master's degree in the US is about a crore with the Indian salary with the starting salary that you'll get, you can't even pay the interest for get paying the loans. »
— 16:30 — « The Indian dream continues to be the same that has not changed; people still want to go there, it's just that so many people are dreaming the Indian dream that not everyone is able to get to it. »
— 18:22 — « If you know you have more cement than teeth in your mouth, you better get a dental plan. »
Category
News and Commentary