People are the most valuable resource. We see this most clearly among entrepreneurs, scientists, engineers, and innovators. Creating wealth and new ways of doing things drive economic growth. This is especially true in the technology sector. Encouraged by free markets, individual liberty, and the right incentives, innovators can achieve technological wonders. But unfortunately, our immigration system limits their number.
Nowhere is the positive impact of immigrants more noticeable than in high tech startups. According to a survey by the National Foundation for American Policy, immigrants have started nearly half of the top 50 venture-funded companies. Software, semiconductors, and biotechnology are the most common venture-backed startup firms started by immigrants. According to another report by Vivek Wadhwa, roughly 25 percent of all engineering firms founded between 1995 and 2005 were founded by immigrants.
To read the full, original article click on this link: Alex Nowrasteh: Immigrants Help Fuel Tech Growth
