High-skill immigrants disproportionately found companies (whose very existence implies driving up demand in the labor market), as well as disproportionately induce new consumer demand (high-skill -> high pay -> high consumption), which again drives new companies.
Out of America (and the world's) only $1T companies:
Brin and Huang are 1st gen immigrants.
Nadella is a 1st gen immigrant; he brought Microsoft out of it's malaise.
(Jobs' bio father was an immigrant, as was Bezos' adoptive father)
3/5 ain't bad. (2/5 if you're a stickler)
Tesla, which at one point was a $T company and is currently pretty close, is also famously founded by an immigrant.
There are very few people in tech in America who will not have worked for an immigrant founder/CEO at some point in their career.
> Nadella is a 1st gen immigrant; he brought Microsoft out of it's malaise.
I agree with most of what you posted, but not enough credit is given to Ballmer here. He set Microsoft on the trajectory that Nedella followed and got the fuck out of the way. There were a lot of cringe Ballmer moments but he had a profound impact on Microsoft, probably much more so than Nadella so far. And none of this is meant to take anything away from Nadella's competency. Just that Ballmer gets blamed for a whole lot despite setting MSFT up for the success Nadella (and shareholders) enjoy.
I am not the original commenter. I am not anti immigration. I am merely critical of it. We need skilled healthcare workers. Instead giant corporations are focusing on importing software engineers o drive down wages.
Lowering wages and salaries for skilled workers has a big disinflationary effect and slashes inequality. (The bulk of inequality is indeed due to skill-biased divergence in labor income, not passive or unearned income from asset ownership.)
