Wednesday, February 27, 2013

New Immigration Laws Needed for More Innovation in USA

Ateneo Innovation and Entrepreneurship "New ideas create more and better new products and services; create more wealth."

From Innovation.com 

This site is going to do a virtual march to USA capital, Washington DC to enable the brightest and the best immigrants to come to USA.  The current immigration laws create barriers to entry of immigrants (the consul in Manila discouraged me from having wild dreams about USA)

Facts:

l.  28% of businesses started in 2011 was started by a migrant founder;

2.  40% of the Fortune 500 companies was started by migrant or child of migrant worker;

3.  $775 billion in revenues were generated by companies owned by migrant workers in 2011;

4  1/4 of the American Nobel prize winners were migrants, despite just being 1/8 of the total population;

5.  l out of 10 workers in US working in private companies is owned by a migrant 

 

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