Immigrants are 80% more likely than native-born citizens to start a business on a per capita basis, according to a new study co-authored by an MIT researcher.
Immigrants are 80% more likely per capita to start a business than people born in the U.S., according to a new study co-authored by an MIT researcher in
The new research found that per capita, foreign-born residents started more businesses across all sizes. That's in keeping with previous findings.[Immigrants] create more firms pretty much in every size bucket," Pierre Azoulay, co-author and economist at MIT Sloan School of Management said."They create more small firms, they create more medium sized firms. They create more firms that will grow up to be very large.
Researchers looked at a total of 1.02 million businesses using data from both the U.S. census and Fortune 500 companies. Per capita, immigrant-owned firms hired 1% more on average employees than those started by native-born citizens. Azoulay said the goal of the research is not to make specific policy recommendations, but instead provide unequivocal data.
"I feel like people are totally entitled to have their opinions about immigration, but they're not necessarily entitled to have their own facts," Azoulay said.because of COVID-19 and, before that, the restrictive policies of the Trump administration.of open positions, Azoulay said he worries about the economic consequences of fewer immigrants.The U.S.
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