However, I was extremely interested in another comment from Duncan Chapple, who runs Lighthouse Analyst Relations. He sent me a link to this article in this week’s Economist Why immigration is good for America’s business. “Vivek Wadhwa of Duke University notes that 52% of Silicon Valley start-ups were founded by immigrants, up from around a quarter ten years ago.”
The article also reproduces the chart below which I am sure many readers will find stimulating! I do not know what the equivalent figures are for the UK but immigrants tend to be great ‘small business founders’ here too. On the other hand, I haven’t noticed a rush of new tech businesses being founded in the UK in the last 5+ years – a period of unprecedented immigration into the UK.
Footnote – I try not to reproduce other people’s charts without permission. Can I just repeat that I respect the Economist’s or any other party’s copyright in this chart.
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