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But it isn't a proof that if the immigrants did not found these companies, someone local wouldn't have found them either. Maybe it had taken some more time but, locals would have ended up setting up these either way. A big maybe. China is an example that screams, immigrants do not matter much for economic success.
But it isn't a proof that if the immigrants did not found these companies, someone local wouldn't have found them either. Maybe it had taken some more time but, locals would have ended up setting up these either way. A big maybe. China is an example that screams, immigrants do not matter much for economic success.
We're not talking about some local businesses. These are pretty much global companies with exceptional success. If Alphabet/Google was founded in the EU, it didn't matter how many small competitors would pop out elseware as they are currently.
The circumstances today could be somewhat different. That said, as a non-american looking at starting a company, America still looks like a pretty great place to do it, to the extent that I still sometimes think of moving.
[1] https://fortune.com/longform/fortune-500-through-the-ages/
Earlier quoted context omitted.
Not all these people were wealthy before they arrived; Andy Grove of Intel was a Hungarian refugee, for example.
I have a hypothesis related to this. I believe that surviving being a child refugee in America is something that really brings out the grit in a person. Seeing the things your family goes through to provide a normal life for you in a strange and new place, overcoming ethnic biases, language barriers, and life on government assistance really brings out the attitudes of drive and perseverance toward reaching one's goal…
Its strange to see Amazon on the list. Bezos was born to American parents but after they divorced his mother remarried to a Cuban immigrant. I dont think that makes him the son of immigrants.
I think there is some bias due to historical events. Ww2 caused a lot of jewish immigrants to emmigrate from europe and some emigrated later from russia. They have been very successful in general. I am sure this particular population already skews the statistics already.
Immigrants is such a broad term its nearly meaningless. From the article: "The share of the most successful and globally-recognized U.S. companies that have immigrant founders is growing, according to NAE's Hanna Siegel and Andrew Lim, while the Trump administration has tried to make it more difficult for immigrants to come to the U.S., often claiming that they take American jobs and lower wages." No mention what typ…
"Since our first New American Fortune 500 report in 2011 [..]" "In this year's brief, we update our analysis, looking at the New American companies that made the 2019 Fortune 500 list." So the methodology, even a table listing every founder is in the linked 2011 report https://www.newamericaneconomy.org/wp-content/uploads/2013/0...
I don't think anyone has issues with immigrants like most liberal medias portrait we do. I am an immigrant and I have no issue with immigrant that come here legally.
What I do have a problem is the invasion of illegal immigrations, yes, it is an invasion. The congresses here is stopping the president taking action because he is in a different political party.
Earlier quoted context omitted.
I have a hypothesis related to this. I believe that surviving being a child refugee in America is something that really brings out the grit in a person. Seeing the things your family goes through to provide a normal life for you in a strange and new place, overcoming ethnic biases, language barriers, and life on government assistance really brings out the attitudes of drive and perseverance toward reaching one's goal…
Andy Grove came in the US at 20. He was never on government assistance nor saw his family having to adapt to a new place.
> By the time I was twenty, I had lived through a Hungarian Fascist dictatorship, German military occupation, the Nazis' "Final Solution," the siege of Budapest by the Soviet Red Army, a period of chaotic democracy in the years immediately after the war, a variety of repressive Communist regimes, and a popular uprising that was put down at gunpoint... [where] many young people were killed; countless others were interned. Some two hundred thousand Hungarians escaped to the West. I was one of them.
The way they handle companies with > 1 founder is a bit weird. If there is at least one immigrant / 1st gen American it's counted in the "founded by" category. And then the 45% is taken by looking at things just at the company level. I think it would tell a clearer picture to count the total number of founders and count the percentage of people who were immigrants / 1st gen americans. Then, to give context, you would…
Moreover, a quarter of America’s population fits into the category of “immigrants or children of immigrants.” At the time many of these companies were founded, it was closer to 40%. If you count # of immigrant founders / # of non-immigrant founders, as you suggest, it could very well be that immigrants are underrepresented.