Coming to America & Living the Dream

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According to a new study by Pratt School of Engineering at Duke University, 25% of technology and engineering companies started in the USA between 1995 and 2005 were started by immigrants, produced $52 billion in sales and employed 450,000 workers in 2005.

Indians alone founded more engineering and technology companies than immigrants from the U.K., China, Taiwan and Japan combined. 47% of startups in in New Jersey were founded by Indians. The startups were mainly in two fields; software and innovation/manufacturing. Also 53% of the workforce in Silicon Valley – the global capital of technology, is foreign born.

Also 25% of all U.S. patent applications listed the inventor or co-inventor as a foreign national. One of the authors of the study Vivek Wadhwa also stated with concern that these inventors may return to their countries.

You can read the entire report at:

http://memp.pratt.duke.edu/downloads/americas_new_immigrant_entrepreneurs.pdf

This shows that immigrants are a significant driving force behind America’s competitive edge as the world’s leading economy.

But this news should not come as a surprise since recently the trend here in the US has been that native born Americans are all pursuing “shortcuts” to success.

The government is too busy pouring billions to fund an illegal war and making laws to make immigration more difficult.

Math, Science and Engineering degrees in the US have continued to decline for four straight years according to the National Science Foundation.

Science and engineering degrees now represent 60 percent of all bachelor’s degrees earned in China, 33 percent in South Korea, and 41 percent in Taiwan. By contrast, the percentage of those taking a bachelor’s degree in science and engineering in the United States remains at roughly 31 percent.

And majority of PhD graduates in the US are also foreign students. Today, American kids look up to Paris Hilton and Eminem as role models and their parents are too occupied with what Tom and Katie are up to rather than their own kids. The Math that kids here learn in 4th grade is equivalent to what kids in India are learning in the 1st grade. All this adds up.

As Thomas Friedman said in “The World is Flat” – “In China today, Bill Gates is Britney Spears. In America today, Britney Spears is Britney Spears-and that is our problem.”

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