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Immigration is coming to be one of the biggest issues of 2016 -- and not just because of its central focus in the presidential electionThe U.S. Although the United States is currently steadily recovering economy has largely recovered from the Great Recession with a solid streak of private sector job growth, there -- growth began again in 2009 and has averaged an annual growth rate of 2.1% since then -- but the economy can still be pushed for more outputs new and job creationinnovative ways to create jobs. The issue of Increasing high-skilled immigration comes into play has been touted by politicians as new a potential economy-boosting solution because it promotes the growth of American service sectors and fulfills positions in critical STEm work-fields. New research from the Harvard Business School has shown that immigrants are disproportionately to start their own business. Despite represented in the field of entrepreneurship; despite the fact that immigrants comprise only 15% of the American population, they represent 24% of the pool of entrepreneurs. The issue of immigration is going to have been seen as more than just as an issue of human rights or American resources, the conversation will need to broaden and consider implications for the entrepreneurship and startup scene, especially as the government pushes for growth in this sector.
Start-Up Visa (Blog Post) (view source)
Revision as of 16:14, 13 October 2016
, 16:14, 13 October 2016no edit summary
|Keywords=Policy, Immigration, visa, Startups,
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Job growth by immigrants extends beyond small family businesses; immigrants increasingly have higher stakes in critical top-performing firms. A study by the Kauffman Foundation found that in 2012 these firms, in just engineering and high-tech sectors, “employed some 560,000 workers and generated $63 billion in sales.” Although the Harvard Business Review notes that immigrant-founded businesses are more likely to fail than native founded business, “those that survive experience greater employment growth”. Inc. Magazine generates a list of the 500 fastest growing companies in the United States and in 2014 20% of CEOs on the list were immigrants. There’s a clear trend here -- immigrants are disproportionately leading and creating high performing businesses, and that comes with jobs, billions in revenue, and increased prominence for the US in the financial-technology sector.
