May 12, 2022
Do you know that immigrants to the U.S. start businesses and create jobs at a rate higher than native-born citizens?
This is true, according to a study published in the Spring 2022 issue of American Economic Review: Insights, which investigated a broad range of companies across the United States.
Per capita, immigrants are 80% more likely to start a company, compared to U.S.-born citizens, and these companies have about 1% more employees than companies started by U.S. natives.
These findings show that immigration to the U.S. produces net job gains, not job loss. This is opposite of the common thinking that immigrants take jobs away from American workers.
Immigrants to the U.S. create jobs, they do not take jobs away.
Immigrant founders of companies are significant contributors to U.S. high-growth entrepreneurship.
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Source: MIT News