immigration

The economic case for the ‘wretched refuse’

By ERNIE FAZIO // “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” These are the closing lines of “The New Colossus” by Emma Lazarus, cast on a bronze plaque inside the pedestal of the Statue of Liberty. Recently, a Trump administration spokesman suggested a rewrite – a new…


Half of U.S. unicorns founded by immigrants

Immigrants launched more than half of U.S.-based startups valued at $1 billion or more according to a new study by the non-partisan National Foundation for American Policy. The 44 companies are collectively valued at $168 billion and have created an average 750 U.S. jobs each, according to the study. Immigrants also make up more than 70 percent of key management and product development positions at the companies. The three highest-valued unicorns with immigrant founders include…