Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

axios.com

Post reply on HN
Print view View original

11–20 of 156 posts

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#12

Post by carlsborg »

ZeroFries wrote: post #6
spamizbad wrote: post #3

So? I'd probably be the founder and CEO of my own company if an immigrant didn't agree to do the same work for less pay. /s

Then you got outcompeted, and an immigrant was able to offer better value.

/s implies sarcasm

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#13

Post by rdlecler1 »

I can’t stand bad reasoning even if I sympathize with the objective so to make immigration case to Trump supporters you’re going to have to break out those that came to the U.S. through legal and illegal means. You’re also going to have to show them that a meaningful portion of entrepreneurs came from Latin America because that’s where much of the illegal immigration comes from.

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#14

Post by sudosteph »

In case it's unclear from the title, the study showed that 45% of Fortune 500 companies had at least 1 founder that was an immigrant or child of an immigrant. For example, Facebook is considered "founded by an immigrant" in this categorization, which sort of surprised me at first.

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#15

Post by kediz »

The publisher of this "Study" is from New American Economy, a think tank "fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans."

So I don't think it is 100% neutral in terms of its view on immigrants.

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#18

Post by pjc50 »

metalchianti wrote: post #8

Definitely some selection bias. Many wealthy people in the US are immigrants. Also, many wealthy people probably choose to immigrate to the US to start their business because of lower barriers to entry. EDIT: Also, if this [1] is correct, 13.7% of people in the US are immigrants. So how many people are immigrants OR first-gen? And since ANY of the founders can be immigrants/first-gen, more founders means higher likel…

Not all these people were wealthy before they arrived; Andy Grove of Intel was a Hungarian refugee, for example.

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#19

Post by pjc50 »

cheeky78 wrote: post #5

Are we talking about Immigrants that went through the legal process?

The legal process is a very movable barrier and has changed over time to make it much harder. It might be interesting to ask "how many of these people would, if they had applied under the current rules rather than those of the time, have been turned away?"

Re: Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies

#20

Post by Armisael16 »

kediz wrote: post #15

The publisher of this "Study" is from New American Economy, a think tank "fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans." So I don't think it is 100% neutral in terms of its view on immigrants.

Do you have any criticism of the actual study or are you immediately dismissing it because you think the publisher is probably biased?
Post reply on HN