"40% of the Fortune 500 companies were founded by immigrants or their children. Today those companies employ more than 10 million people and generate revenues of $4.2 trillion. Immigrant entrepreneurs start 17% of all the new businesses. 25% of engineering companies founded in the last decade were founded by immigrants. Economists have found that or every 100 H1B visas issued, 183 jobs are created for American citizens."It's not a simple, black and white issue.
Not sure how that applies to anything. 25% founded by immigrants...ok.
So for every 1 H1B 1.83 American jobs are created.
Not being familiar with your source, do those same economists have a stat for how many American jobs were LOST?
Americans have a right to insist on the preservation of their culture and the culture of Western Civilization regardless of the lure of economic determinism.
That is a very easy thing to argue against, and I am surprised you don’t see it yourself.
Any such job an H1-B visa holder gets creates that effect, on average. That same effect would be created by a US citizen brought into the same position.
How can you not understand this? The US is graduating a TON more TEM grade that could perform the same function and get the same benefit!
Where’s your head on this? It’s not like H1-B visa holders taking US jobs are wizards and warlocks, making special things happen US citizens can’t also make happen.
Saying that 183 new jobs are created, sure ... what kind of jobs are they, versus the kind that are lost? If we're losing 100 software engineer careers and "gaining" 183 jobs flipping burgers, doing part-time retail sales, mowing lawns (those jobs are taken by Mexican illegas anyway), etc., is that really some sort of "advantage"?
H1-B's aren't the "immigrants" who are founding companies, btw, those are generally people who start out as legal permanent residents and become citizens.
It's utterly black and white. You don't dump your own citizens who are competent and educated on the unemployment line so that you can import two guys from India to take their place. This is the only country in the world stupid enough to do that.
of every 100 H1B visas issued, 183 jobs are created for American citizens.
That doesn’t sound right to me. What kind of jobs? Grocery clerk, fast food worker?
Thanks for saving me the time to write exactly what u wrote.
If your in St Thomas, I lived there a few months in 2012, before moving to St Croix for a year and then St. Maarten. Great fun those days!
Re Ted’s rationale:
“A new study from the Center for Immigration Studies found that more than 18 million new immigrants have entered the United States either legally or illegally since 2000, while only 9.3 million jobs were added over the same period of time. That represents two new immigrants for ever job created in the past 14 years.
“The study found that the amount of U.S. born workers (ages 16 to 65) grew by 16.5 million since 2000 in addition to the 18 million new foreign citizens.
“The widest ratio of immigrants entering the country to jobs created is during the period of time “after the Great Recession began”. According to the study, “7.8 million new immigrants arrived from 2008 to 2014, yet net job growth was just two million” over the same time period. That’s almost four immigrants for every one job.
“According to CIS Director of Research and author of the study, Steven Camarota:
“The key question for policymakers is whether it makes sense to allow in this number of legal immigrants and tolerate this level of illegal immigration when long-term job growth has not come close to matching these numbers. Moreover, this record immigration has occurred at a time when job growth has not even kept pace with natural population increase, let alone new immigration. Unfortunately, policy-makers have given little though to the adsorption capacity of the U.S. labor market when formulating immigration policy.”
https://www.numbersusa.com/news/study-93-million-new-jobs-and-18-million-new-immigrants-2000
It’s not a simple, black and white issue.
I’d say Ted’s quote contains Apples and Oranges.
“40% of the Fortune 500 companies were founded by immigrants or their children.” The key words to me are OR THEIR CHILDREN. There is no report that these children are aliens, or whether they are FIRST GENERATION AMERICNS. So, to my way of thinking, FORTUNE 500 is not giving all the facts correctly. What percentage of these companies are founded by the parent(s) and what percentage are founded by FIRST GENERATION AMERICANS?
So if we have such and such number of people who start their businesses and hire their American children(most often the case), the whole study is skewed.
Anytime someone throws percentages and blah blah blah at me, I want to know ALL the facts. Statistics can be made to show anything you want. You just have to set it up correctly according to my Economics professor at Cornell University in the ‘50’s.