Quote:
Originally Posted by mistercorporate
This table is just mentioning the top 25 tech companies, many of these were founded decades ago, which is why many of those Europeans are in fact Jews. Most non-European born (since apparently those are the ones you consider real immigrants) 1st/2nd gen immigrant businesses are in the sub-$400 million category for now, but you'll see many more of them hit the billion+ range in the years ahead as they slowly scale up. The bottom line is educated immigrants are net job creators, and far from a drain on society.
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I didn't say that only non-Europeans are real immigrants, I was pointing out how many European immigrants come from highly educated and privileged backgrounds, e.g. graduating from top universities in Switzerland. This makes a difference, and you seem to agree with me. The rags-to-riches story is unfortunately not that common. The riches-to-even-more-riches story is much more common.
My main objection to your chart is simply that it exaggerates how many large companies were founded by immigrants. Like I said, Apple was founded by 3 people raised by American-born parents and it's listed as an immigrant-founded company because one of the founders has a biological father from Syria. This is really grasping at straws. I am not arguing that immigrants don't found companies, I am just saying this table is questionable. I also don't really have a horse in this race; I'm open to arguments that immigrants are disproportionately more likely to be founders. My opinion comes from the data, not a political ideology, and is subject to change.
As you say educated immigrants seem to do well and there's a lot of competition for them. I don't agree that the bottom line is that immigrants are
all net contributors, or even would be net contributors if randomly selected, unfortunately. I think this is wishful thinking. I would like to live in a world where anybody can move wherever they want and have a high standard of living but I don't think we are there yet.
We still live in a world with pockets of wealthier and more educated people who are able to participate in the modern economy, and other pockets where people struggle. I am not sure if this will get better or worse in the future.