There has always been a debate whether immigration and immigrants are good for the economy or not? A lot has been said about United States as country of immigrants, its history and contributions made by immigrants to the economy of this country.
Many reports earlier have suggested that immigration is good for the economy. Several reports have been published which indicate that immigrants share a big contribution in making this country a great country.
For a quick reference, we would like to share information which reflect the contribution of immigrants. If we just take a look at the country’s Fortune 500 companies:
One can observe that the companies that made it to the list of fortune 500 in the year 2017, 43% of companies are founded by an immigrant or the children of an immigrant. The above data has been according to the research from the Center for American Entrepreneurship.
And if we notice closely, the contribution to the technology sector is even higher to 45%. The reports also show that immigrant entrepreneurs contribute in every sector.
Foreign born immigrants and their children have been the contributors to the list in the recent decades. There are few companies who were started by immigrants centuries ago and are still contributing to the economy which include Pepsico. Colgate, etc.
To name a few, Apple founder Steve Jobs is the son of a Syrian immigrant, Google chief Sergey Brin is a Russian born, March Randolph one of the founders of Netflix is son of an Austrian immigrant.
These people have contributed way too much to their respective fields. It is not just the technology but also what each one of them has contributed in making American people and their lives great.
The White House administration’s immigration policies will shape the future list of such companies.
For much such information on immigration, please visit www.emandilaw.com.