Immigrants Create a Disproportionate Share of New Businesses

Where do entrepreneurs come from? Credit: Migreat

It turns out that immigrants are far more likely to start new businesses and those businesses are more likely to be successful. Most immigrant entrepreneurs come from:

  • Mexico
  • India
  • China
  • Korea
  • Cuba

Additionally, immigrant entrepreneurs account for 30% of growth in small businesses in spite of the fact that they account for 13% of the population.

With immigration in the news as of late and in light of this information, it’s apparent that placing significant restrictions on immigration is not an economic issue but rather a cultural one.

Immigrants aren’t taking your jobs, they’re making their own

Over the last two decades, immigrant owned businesses have made up 30 percent of the growth in the small business economy, a significant chunk given that immigrants only account for 13 percent of the US population. Their businesses also performed better than your average American. Employees within these small companies earned over $55,000 a year over the median earned income of $41,000 a year, according to the Fiscal Policy Institute’s report.

The Future of Early Cancer Detection?

Cancer detection is absurdly behind the times. When cancer becomes symptomatic it is usually too late, and requires a massive intervention to control and treat. If cancer is caught early, however, it is readily treatable in most cases.

If this technology works reliably, cheaply, and at scale, it is an extremely exciting prospect. I look forward to the day when treating cancer is akin to treating the flu; cheap, simple, and with minimal disruption to the day-to-day lives of patients.

I admit this is far afield my area of expertise. But it is interesting and exciting nonetheless.