Economics 101 is supply and demand. If immigration import peoples who will make the job market more competitive and flood the market won’t this: drive down wages make it harder to get employed Make it harder and stay employed due to replacement at lower wages? It’s really hard for immigrants to make make jobs right now because the interest rate makes borrowing incredibly hard for new startups / business. So the argument saying “immigrants make jobs” doesn’t work in the current climate.
Musk thinks it’s good and Yeah musk is looking for paying more to employees.
question is not well formed. good or bad for whom?
People in the United States that need jobs to survive.
so then it’s just dumb? there are essentially unlimited amounts of survival level tech jobs available. so immigration is good since more people living in usa means more gdp means more jobs. usa is an inflationary economy and needs constant growth. immigration provides growth in the workforce beyond that achievable via birth rate (which is declining).
Good for Indians. Not good for Americans. Anyone rejects this fact is an immigrant.
"so the argument saying “immigrants make jobs” doesn’t work in the current climate." Proof? Immigrants are still starting 50%+ of companies in the US, and the number of immigrants - and in particular chinese/indian origin immigrants starting AI related startups is even more disproportionate compared to all immigrants - and hopefully we can agree that AI is the next sunrise sector for the next decade. Go down this list and find the ones without any first/second generation immigrant/expat founders. https://www.failory.com/startups/artificial-intelligence-unicorns I counted maybe one or two in the top 10. It's easy for Americans to hate on the immigrant that gets the FAANG job when they get rejected while taking for granted the ones that start new companies and create thousands of jobs and keep the US tech sector the most vibrant in the world. Feel free to regulate it like the defense sector does and see what happens. Every other country does shit like this, and usually it doesn't work out well in the long run. America has been the country that has focused on value creation vs value claiming for the longest time - but perhaps its time for it to become 'just another country'.
Immigrants who start companies here are not on 403b they come on a different visa. So your argument is invalid. I’m talking about immigrants who come here to work and fill jobs not start businesses. Two separate visas. Of course the data shows that a lot of immigrants start businesses. There’s a whole visa specifically for that. Then there’s visas that take American jobs.
That's not true at all, almost everyone on that list was either on F-1, H1B at some point or their parents were at some point. The vast majority entrepreneurship and employment are intimately linked. You go to work in a company - you identify a problem you have at work, you think about others having the same problem and then you start a company to address it. The majority of immigrant entrepreneurs don't come to the US and immediately start companies within a year - they need some time to learn the capitalist mindset, local VC ecosystem. If you want to promote job creation create a clear path from H1B to entrepreneurship within X years of work instead of endless GC extensions being linked to masters degrees you could hold it to a higher standard - e.g. job creation.
It is great for tech, look at Musk, Brin, Murati, Sutskever. Others https://www.forbes.com/sites/stuartanderson/2022/07/26/most-us-billion-dollar-startups-have-an-immigrant-founder/?sh=47f974f86f3a. 2nd generation immigrants like Jensen and Lisa Su.
Was great for tech. We are not in a booming environment now that fosters those kind of start ups.