Live data from Hacker News

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

axios.com

141–150 of 156 posts

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

#141
post #19

Earlier quoted context omitted.

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?"

Actually it used to be much harder - you used to have to be northern European, educated or affluent.

In most cases, don't you still have to educated and/or affluent?

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

#142

Is it broken down by origin, class, etc? If we parametrize financial success then it may make sense to prioritize certain countries, classes, etc for immigration while filtering out the less successful, for the sake economy, because that's what's important of course.

I don't think it's fair to assume that the economy is the main thing that's important. A lot of conservatives would say that the main issue is culture, not economics. On the flip-side, I think migration is a human right, and this discussion is sort of like arguing about whether abolition would hurt the cotton industry.

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

#143
post #63

Earlier quoted context omitted.

>Japan, Korea, Germany are also in line and also India (with successful space program without immigrants). This is just plain wrong, in the case of Germany. Germany has a huge immigrant population, and has since WWII when they brought in tons of Turks to be laborers there. There's an enormous Turkish population in Germany, and it's not new. Germany probably would not be where it is now without them. Japan and Korea d…

80% of Germany is ethnic Germans (including repatriated Germans). No U.S. state is that homogeneous.

20% immigrants is still pretty huge for a European nation.

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

#144
post #103
post #74

Earlier quoted context omitted.

I'd be really curious about his viewpoints on the current US political landscape, considering he experienced real, actual fascism and not the label everyone throws around willy-nilly trying to tar and feather each other. Personally, whenever I hear the terms racist or fascist thrown around, racism and fascism never actually enter my mind, or at least extremely rarely. I just think "Oh, another person who disagrees wi…

That's a little difficult given that he died in 2016. There are not so many people left alive who remember the hard end of WW2-era fascism. The one I always refer people to, written in 1995 but applicable to any time, is Umberto Eco's "Ur-Fascism". http://www.pegc.us/archive/Articles/eco_ur-fascism.pdf - written from his personal experience as a young boy in fascist Italy at the time of its liberation. The full essay…

So Peter Thiel is an alt-fascist (via Evola)?

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

#145

Earlier quoted context omitted.

The policy before Trump was to hold children who arrive unaccompanied at the border and find their family to reunite them with. The policy under Trump is a zero-tolerance separate all children from their parents policy. Trump HHS currently cannot account for around 6000 children they have separated. This is new. The new rules around immigration seem to be focused around overwhelming the system's capacity for processi…

If you call them concentration camps, if you call them private prisons, if you call them anything besides detention facilities, you likely haven't thought about it much, because only a detention center will allow you to sign up to be let go back at the border. "Hey, I've decided this sucks, I'd like to head back home," is something you only say when being processed at the border in a queue.

Are you actually free to say "Hey, I've decided this sucks, I'd like to head back home?" My understanding is that they aren't, and that to leave the detention center, they need to have their application for "voluntary departure" approved by an immigration judge and pay for their own transportation out of the country:

https://www.snopes.com/fact-check/immigrants-free-leave-dete...

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

#146

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…

Yup. By this criteria, if I (an adult-aged Canadian) decided to take my startup to Silicon Valley, it would be an 'immigrant' founded startup. My situation would also be completely unlike the scenarios that are dominating the immigration debate in the US at the moment.

Seems the same to me. What’s the difference in your mind?

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

#147
post #46

Aren't already established/rich and successful foreigners more likely to migrate and set up shop here? 45% shouldn't be a surprise if so, you are basically comparing against the cream of the crop from every other country.

I care less about what anyone thinks is likely and care more about the actual data. My parents were immigrants. My mother raised kids while my dad had two jobs that paid minimum wage. My annual comp at my day job is > $400K. My older sibling is a medical doctor. My family certainly came from no privilege at all. The only advantage we had was my father getting the opportunity to immigrate to the US. Saying that 45% is…

You're probably right, I forgot there's a cap to EB 5 visas. Those immigrants I meant as the "cream of the crop."

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

#148

Earlier quoted context omitted.

Actually it used to be much harder - you used to have to be northern European, educated or affluent.

In most cases, don't you still have to educated and/or affluent?

From the 2015-2017 yearbook [1]:

~750K family based immigrants with no requirement for education and wealth requirements in the range of being slightly above poverty for some categories. ~120K refugees, with no requirements ~30K asylees, with no requirements ~50K diversity, with high school education requirement

vs

140K employment based, who you might call educated and/or affluent as it includes investors and people with advanced degrees.

1. https://www.dhs.gov/immigration-statistics/yearbook/2017/tab...

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

#149

Earlier quoted context omitted.

In most cases, don't you still have to educated and/or affluent?

From the 2015-2017 yearbook [1]: ~750K family based immigrants with no requirement for education and wealth requirements in the range of being slightly above poverty for some categories. ~120K refugees, with no requirements ~30K asylees, with no requirements ~50K diversity, with high school education requirement vs 140K employment based, who you might call educated and/or affluent as it includes investors and people…

I'm not sure that this actually contradicts what I said.

I follow the subreddit r/IWantOut. Every day, someone asks about coming to the US, and we tell pretty much all of them "better get a Masters in Engineering first." The fact is, most people who would like to immigrate to the US are not refugees or related to US citizens. For most of them, the bar actually is that high. That we accept a lot of people from categories that not many people fall into, including ones that I would barely count as immigration (eg. "Child of a US citizen"), doesn't have much impact on the general case.

Additionally, I think it's important to consider the practical barriers in the system, not just the text of the laws. From what I've heard, the paperwork and fees involved can cost thousands of dollars, and the regulations are so complex that you need either top-notch English reading skills, or a lawyer.

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

#150

Earlier quoted context omitted.

From the 2015-2017 yearbook [1]: ~750K family based immigrants with no requirement for education and wealth requirements in the range of being slightly above poverty for some categories. ~120K refugees, with no requirements ~30K asylees, with no requirements ~50K diversity, with high school education requirement vs 140K employment based, who you might call educated and/or affluent as it includes investors and people…

I'm not sure that this actually contradicts what I said. I follow the subreddit r/IWantOut. Every day, someone asks about coming to the US, and we tell pretty much all of them "better get a Masters in Engineering first." The fact is, most people who would like to immigrate to the US are not refugees or related to US citizens. For most of them, the bar actually is that high. That we accept a lot of people from categor…

You said "In most cases, don't you still have to educated and/or affluent?", I read this as a question and provided you with data showing, that the answer is negative. Most immigration cases do not require either education or wealth.
Post reply on HN