2/21/2007

Immigrants: more likely to be self-employed

USnews.com (Feb 26, 2007) ran a short article about immigrants' high propensity to be self-employed. Often as the only way to crack the US economy system, immigrants start business at a higher rate than native-born Americans. Even highly educated immigrants, due to lack the language and cultural skills to break into corporate America, or driven purely by personality, they often prefer to be their own boss. About 25% of the engineering and technology companies started in US from 1995-2005 had at least one immigrant founder, Jerry Young (co-founder of Yahoo), Steve Chan (co-founder of YouTube) are two of the best known.

1 comment:

A Suburban Princess said...

I've noticed this where I live. New immigrants have brought a lot of vitality to our local economy. It's great.