Home > Uncategorized > Obama’s immigration reform plan: He should admit lots of super-immigrants, the highly educated, future entrepreneurs. – By Annie Lowrey – Slate Magazine

Obama’s immigration reform plan: He should admit lots of super-immigrants, the highly educated, future entrepreneurs. – By Annie Lowrey – Slate Magazine

Maybe there remains one last shiny, fat apple hanging right in front of our faces, one last endeavor that would bring us fast, costless, and easy growth. It is immigration reform. The United States can grow faster by stealing the rest of the world’s smart people…

The low-hanging fruit of immigration is not simply an open-door policy, but rather letting in—or, really, rolling out the red carpet for—highly skilled and educated workers and entrepreneurs. Back in 1999, Berkeley scholar AnnaLee Saxenian published one of the first comprehensive studies of the economic contributions of highly skilled immigrants, such as computer programmers, in California. Her paper found that foreign-born entrepreneurs were at the helm of a full quarter of Silicon Valley start-ups founded between 1980 and 1998—start-ups like, say, Google. In 1998 alone, those companies created $17 billion in sales and accounted for 58,000 jobs.

via Obama’s immigration reform plan: He should admit lots of super-immigrants, the highly educated, future entrepreneurs. – By Annie Lowrey – Slate Magazine.

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