Friday, November 24, 2006

Immigrants Today are Still the Immigrants of Yesteryear

Today's "Review and Outlook" section of the Wall Street Journal, Immigrant Entreprenuer, deserves a read. The anti-immigration hysteria whipped up by our politicians deserves nothing but derisive laughter and calling these fools for what they are. Imposters. The fact that the history of the United States is based on immigration and immigrants building this country seems to slip their hypocritical brains.

"Everyone knows that Intel, Yahoo, Google, eBay and Sun Microsystems are wildly successful U.S. technology companies. Less well known is that immigrant entrepreneurs played a role in founding each one -- and a whole lot of others."

"Titled "American Made: The Impact of Immigrant Entrepreneurs and Professionals on U.S. Competitiveness," the report found that "Over the past 15 years, immigrants have started 25 percent of U.S. public companies that were venture-backed." These businesses employ some 220,000 people in the U.S. and have a current market capitalization that "exceeds $500 billion, adding significant value to the American economy."

"The authors surveyed smaller, private venture-backed companies as well and discovered that nearly half of the founders also were immigrants. Protectionists insist that immigrants "steal" jobs from native workers, but this survey found evidence that these newcomers are more likely to expand the job pool. "[A]lmost two-thirds (66 percent) of the immigrant founders of privately held venture-backed companies have started or intend to start more companies in the United States," according to the report.

"Despite these contributions, and the potential for more, U.S. policies today have made it increasingly difficult for foreigners to come here and start businesses...

"The U.S. currently grants just 65,000 visas annually to foreign professionals in certain fields, such as computer science and biotechnology. This year, as in nine of the past 11, the cap was reached well before the beginning of the fiscal year in which the visas can be used. Earlier this year, Republican Congressman John Shadegg of Arizona introduced a measure that raises the limit and allows it to fluctuate with market demand. The Shadegg bill also would shorten the average wait for a green card, which is currently between five and seven years and a disincentive for these skilled workers to stay in the U.S."

We don't need less immigration - we need more of these hard working people who have what too many Americans don't often have anymore: the yearning for a better life or as Robert Tracinski puts it in his article (TIA) a "normal life".

In nations struggling for liberty, and especially for those struggling to acquire the last institution of a free society, representative government, I found this yearning expressed in an unexpected form: young people talk about their longing to live a "normal life." ...What seems to be contained in the phrase "a normal life" is not the details of what constitutes a free society, but rather a vision of what kind of life is possible to man when he lives in such a society: prosperity; a profusion of opportunities for education , for expression, for advancement; a life free of physical fear.

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