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Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

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41–50 of 701 posts

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#41
The irony here:

Some people see studies like this and think, wow, think of how much we'd lose if we didnt let in immigrants. Our economy would be smaller, we'd have fewer jobs, etc.

Other people see studies like this and think, wow, only us locals should own, run, and be employed by these Billion-Dollar Startups. Bannon has explicitly noted this as a goal!

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#42

One of the basic premises of anti-immigrant policies is that you can somehow influence the ratio of "useful" vs "not-useful" immigrants. Apart from the idea of sorting people into useful and useless being inhumane, it also seems to be counterproductive. It looks like every kind of screening of immigrants will deter the more desirable ones, as far as that determination is possible on their arrival at all.

And this matters because individual productivity is a log-normal distribution, like VC returns. As a country it's a good investment to invite millions of immigrants trying to find the next major inventor.

I suppose this also relies on national productivity being the product of, not the sum of individuals​ productivity.

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#44
post #27

Earlier quoted context omitted.

Really? Than why so many leaked memos show that Bannon and Miller want to reduce family Visas for those already legally here? Why is Bannon and Miller's favorite novel a racist French book about Europe becoming less white? Why when Bannon was interviewed on radio he said he wanted to bring the numbers on legal immigration way down? You're fooling yourself if you think this is just about undocumented Mexicans, Muslims…

First they came for the "Illegals"... Rhetoric aside, as you pointed out, this is only the beginning. Authoritarians always need a scrapegoat to blame for "failed policies". Once one group is eliminated, on to another.

this is also called the slippery slope fallacy.

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#45
post #10

Whenever I see "Immigration" in the title, i think anti-Trump and get sad. No one is trying to stop legal immigration. Tech companies are mad because they are cracking down on H1-B Visa abuse. This is not a bad thing.

> No one is trying to stop legal immigration.

You know, except for all of the legal visas and green cards for Iranian citizens and citizens of the other 5/6 countries.

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#46
post #25
post #19

Earlier quoted context omitted.

No, Bannon has explicitly said he wants to reduce the number of ethnic minorities running tech companies. This is independent of their legal status.

I think that needs a citation with a clear quote.

http://www.huffingtonpost.com/entry/steve-bannon-disgusted-a...

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#47
post #12

Immigrants founded 99.99% of all US startups (except for a few casinos)

I would expect better of HN. The casino comment is pathetic. Native Americans have founded many businesses despite the many problems with dealing with banks from a reservation perspective.

Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups

#50
post #25
post #19

Earlier quoted context omitted.

No, Bannon has explicitly said he wants to reduce the number of ethnic minorities running tech companies. This is independent of their legal status.

I think that needs a citation with a clear quote.

Steve Bannon quote:

"When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think [...]" he didn't finish his sentence. "A country is more than an economy. We're a civic society." [1]

[1] https://politics.slashdot.org/story/16/11/16/2331221/steve-b...

My problem with Trump administration rhetoric is there is this assumption that non-white == immigrant. Many Silicon Valley CEOs and entrepreneurs are second (or even third) generation Asian-Americans. And let's not forget the first generation Canadian or European founders. The fact that he singled out Asians in particular shows the undercurrent of racist ideology driving Bannon (the primary hardliner influencing Trump).

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