When people think of immigrants, they wrongly think of them taking jobs. The truth is that not only do immigrants not take jobs, they often create them through the businesses and companies that they create. This has been shown to be accurate by the fact that in a study released recently, six million people are employed by immigrant businesses.
In 2014, 19.1 percent of entrepreneurs were from the Middle East or North Africa, 11.1 percent were foreign-born Hispanics and 10.6 percent were Asian immigrants. All these numbers exceeded the percentage for the nation, with 9.5 percent of the American population being entrepreneurs.
In 2014, the 2.9 million foreign-born entrepreneurs generated $65.5 billion in business income alone. Immigrants made up 20.6 percent of all entrepreneurs, despite representing 13.2 percent of the U.S. population.
In 16 different states, more than 100,000 were employed at companies that had immigrant owners. In addition, 40.2 percent of firms on the Fortune 500 had at least one founder who immigrated, or whose parents immigrated to the United States.
As can be seen, immigrants are an important part of the framework of America. These immigrants come to the country hoping to achieve the American Dream and they start companies in an effort to do that. Through their work, they employ millions of Americans and they help to generate billions of dollars in income for the entire country.
Immigrants don’t just make a country better, they make it economically stronger.