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A Recession is Exactly When We Want Innovative Outsiders

A Wall Street Journal opinion piece points out that an infusion of innovators is even more needed in a recession. “Companies founded by immigrants include Yahoo. eBay and Google. Half of Silicon Valley start-ups were founded by immigrants, up from 25% a decade ago. Some 40% of patents in the US are awarded to immigrants. A recent study by the Kauffman Foundation found that immigrants are 50% likelier to start businesses than natives. Immigrant-founded technology firms employ 450,000 workers in the US.

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