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The Broadway musical Hamilton has a line that elicits thunderous applause every night—“Immigrants, we get the job done.” Recent research shows us that the line could just as accurately state, “Immigrants, we create jobs.” One recent study shows that immigrant-founded and owned companies employ nearly 6 million people.
And even Mary Meeker’s 2017 report, which analyzes and predicts the latest Internet and technology trends, emphasizes the importance of immigrants in the tech sector and as entrepreneurs.
One of the most astounding graphics in this report shows how influential immigrants’ innovation has been in Americans’ everyday lives; 60 percent of the most highly valued tech companies were co-founded by first or second generation immigrants. These include Steve Jobs, a second generation Syrian immigrant, and Sergey Brin, the Russian immigrant who co-founded Google.
The expanded immigrant report also shows that as of 2007, 25 percent of all companies are founded by immigrants and Entrepreneur reports that more than 40 percent of businesses on the U.S. Fortune 500 List are launched by immigrants or children of immigrants. This is especially remarkable given that the overall percentage of immigrants in the US is only about 13 percent.