AMERICA HAS SUCCEEDED, AND ACHIEVED ITS PRESENT position of global dominance, because it has always been good at importing the talent it needs.
Immigrants are 14% of the U.S. population, but they started a quarter of all new businesses and earned over a third of all the Nobel Prizes in science given to those affiliated with U.S. universities. One of four U.S. tech companies established from 1995 to 2005 had an immigrant founder, CEO, president or chief technology officer, and by one analysis about 71% of Silicon Valley tech workers are immigrants. The numbers are even more impressive at the top: of the 25 biggest public tech companies in 2013, 60% were founded by immigrants or their children, such as Apple’s Steve Jobs, son of a Syrian immigrant, and Google’s Sergey Brin, who came from Russia at the age of 6.
In 2008, Bill Gates stated before Congress that for every tech worker the country lets in, five American jobs are created. Over half of all billion-dollar tech startups have an immigrant founder. Today they employ half a million Americans. Immigrants or their children founded 43% of the 2017 Fortune 500 companies, which employed more than 12 million people worldwide in 2016.
To shut offthis incredible wellspring of talent would be to cut off America’s brain to spite its muscles. Because that talent has an increasing number of countries vying to get it to come to their shores. As the populations of developed countries get older, they need the vigor of immigrants all the more, because they are young. Immigrants in the U.S. are some 14% of the population but constitute 16.9% of the workforce, and these workers are younger than native-born workers. Half of Americans are over 40, and the U.S. will become a nation of geezers as the baby boomers retire. And most immigrants don’t come here with their parents, so their Social Security taxes go toward paying for others’ parents. Immigrants also have more children than the native-born, so their children will continue subsidizing both the graying native-born and their increasingly less fecund children.
Bu hikaye Time dergisinin June 3 - 10, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Time dergisinin June 3 - 10, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
As employers embrace Al, workers fret-and seek input
THE SWEDISH BUY-NOW-PAY-LATER COMPANY KLARNA has become something of a poster child for the potential benefits of generative artificial intelligence.
Claudia Sheinbaum
A first for Mexico
Afghan women defying the Taliban
WHEN KABUL FELL TO THE TALIBAN, RETURNING Afghanistan to the fundamentalist group's control, women who did not flee faced a reality in which they could no longer be who they are: journalists deleted evidence of their work, artists destroyed their creations, and graduates set fire to their degrees.
The way to a truly restful vacation
TRAVEL CAN DO WONDERS FOR YOUR well-being: expanding your mind, bonding you to loved ones, and connecting you with nature.
SHARING GRIEF AMID WAR
Spring and early summer are difficult times for both Israelis and Palestinians. Israeli Jews move from Passover, the holiday of freedom, to Holocaust Memorial Day, to Memorial Day for Fallen Soldiers and Victims of Terror, to the triumphant celebrations of Independence Day. The days pass with rituals intended to give us a shared meaning as a society and to inculcate and frame Israel's official narrative.
WESTWARD HO, AGAIN
Kevin Costner's risky western epic, Horizon, celebrates the height of the genre without quite getting there itself
DO LESS. IT'S GOOD FOR YOU
Unproductive moments can boost health and happiness
'I don't have faith in doctors anymore!'
How women get pressured into long-term birth control
Strait Talk
TAIWAN'S NEW PRESIDENT LAI CHING-TE IS TAKING A HARD LINE ON CHINA. BEIJING IS NOT AMUSED
How U.S. Commerce Secretary Gina Raimondo is navigating America's AI future
UNTIL MID-2023, ARTIFICIAL INTELLIGENCE was something of a niche topic in Washington, largely confined to small circles of tech-policy wonks.