“The period of unprecedented expansion of immigrant-led entrepreneurship that characterized the 1980s and 1990s has come to a close,” writes an ominous new Kauffman Foundation report from Stanford researcher and Washington Post columnist, Vivek Wadhwa.
He and his team of researchers are finding that, despite being the source of venerable American businesses, from Carnegie to Google, immigrants no longer see the United States as the only land of dreams, driven in large part by Congress’s inability to enact high-skill friendly immigration reform. In the words of immigrant and President of Xerox’s Innovation Group Sophie Vandebroek, with whom Wadhwa spoke for his new book, Immigrant Exodus: “Clearly the attraction the United States had on people like myself two to three decades ago is very different now. Countries all over the globe now have successful and growing research universities and labs.”
Both Wadhwa’s book and accompanying report continue his seminal research…
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