To heck with the tired, poor and huddled. Give Us Your Geniuses, write Adam Ozimek and Noah Smith in The Atlantic. From the earliest days, the U.S. has enjoyed “the ability to attract and retain a huge number of the world’s best and brightest,” they write. We drew smart Scots, “the intellectual and technological elite of the British Empire.” In early 1900s and he Nazi era, a “windfall” of Jewish immigrants yielded scientists and entrepreneurs.
In the late 20th Century, a wave of immigration from Taiwan did the same, giving us (for example) the man who revolutionized AIDS treatment (David Ho), as well as the founders of YouTube, Zappos, Yahoo, and Nvidia. In fact, immigrants or the children of immigrants have founded or co-founded nearly every legendary American technology company, including Google, Intel, Facebook, and of course Apple (you knew that Steve Jobs’ father was named Abdulfattah Jandali, right?).
Taking many more high-skilled immigrants is a no-brainer, they argue.
High-skilled immigrants are not just good at their jobs. They create jobs. . . More than half of the start-ups in Silicon Valley, for instance, were started by immigrants, along with 25% of venture-backed companies that went public between 1990 and 2006.
In addition, high-skilled immigrants are innovators as well. Economists Jennifer Hunt and Marjolaine Gauthier-Loiselle find that a 1% increase in the share of immigrant college graduates in the population increases patents per capita by as much as 9-18%, after accounting for the “positive spillovers” by which HSI boost innovation by native-born inventors.
Living in Silicon Valley, I know many high-tech entrepreneurs from the three I’s, Israel, Ireland and India. These are very smart people with very smart children. My husband, who’s helped start several Silicon Valley companies, has worked with many Indians, quite a few Italians, Chinese, of course, and, well, you name it.