Immigrant Founders Need Policy Reform To Keep Creating Tech Jobs
TechCrunch | Jan 19, 2015
President Obama took executive action last November to further ease policies around skilled tech labor. However, our laws haven’t done much to help the foreign startup founders who create quite a few tech jobs here.
A 2008 Kaufman Foundation study concluded that between 1995 and 2005, more than half of all Silicon Valley tech companies were created by immigrant founders, employing 560,000 workers and generating $63 billion in sales.
But something changed in 2006. There was a commonly estimated 12 million illegals living in America at the time. New reforms that were supposed to make it easier for immigrants who’d been here a while to obtain worker visas seemed to be making it harder for those with startups.