By Walter Ewing (immigrationimpact.com)
From the highest levels of corporate America to virtually every level of the labor force, immigration creates new jobs in the U.S. economy. The businesses founded by immigrant entrepreneurs directly employ all types of workers. Immigrant workers also support the jobs of other workers through the wages they spend and the work they perform. This is especially true in the case of high-skilled immigrants who earn relatively high incomes and often devise innovative technologies. This dynamic helps bolster the economy so that everyone—immigrant and native-born—mutually benefits.
Starting with the corporate perspective, a study from New American Economy reveals that nearly 45 percent of all Fortune 500 companies in the nation had at least one founder who was an immigrant or the child of an immigrant. 101 companies on the coveted list were founded by immigrants and an additional 122 were founded by the children of immigrants.