Immigration and Entrepreneurship Reform
Posted on Mar 7, 2013 11:00am PST
Immigration reform has been a large focus in the world of politics over the past few years, and yet another step has been made in order to reach that end in Washington. President of the U.S. Chamber of Commerce, Tom Donohue as well as Richard Trumka, the President of the AFL-CIO have recently announced that in the area of lesser-skilled immigration workers there is a new compromise on the table. What then has changed? Why these two are different sides working together to seek a unified reform for immigration? Reports show that in 2007 there was little concern or discussion of the topic of immigration in light of the economy of America. Today, the role that these immigrants play in our society and economy is much more significant that in was leading up to President Obamas first election in 2008.
In the 2012 election, the Latino culture played a very large role; greater than ever seen before. Because of the countless evidence of immigration in regards to our economy, the topic of immigration reform is more and more likely this time around. The topic of immigration is now playing a role in the corporate world, as many corporate leaders are concerned as to how reform will affect their businesses, wanting to know when these laws will actually pass. Immigration entrepreneurship is more and more a concern as corporations are utilizing these workers more now than ever. President and CEO of the U.S. Hispanic Chamber of Commerce (USHCC), Javier Palomarez claims that he is fighting on behalf of over 3 million members of the Hispanic community for the reform. Javier sees the great importance of immigrants within the community and more specifically within businesses, which is why he is fighting relentlessly on their behalf.
Javier Palomarez claims that a large part of his job is meeting with different corporations and political leaders as a means of fighting for reform and he has learned that corporations claim that our countries current immigration system negatively affects our businesses world and ultimately hinders he economic growth of America because our views are both outdated and broken. By changing the laws of immigration corporate leaders have a strong conviction that it will help keep our economy from being put in jeopardy.
When it comes to the topic of immigration, many people don't realize the extent in which it truly does affect our economy. According to studies done by the New American Economy, about 40% of the Fortune 500 companies in America were founded by immigrants or their children. Just looking specifically at immigrant owned farms, they make a significant fortune for our economy. Annually they generate an estimated $775 billion in revenue, they spend about $125 for their workers payroll, and another $100 billion for their income. Don't put what immigrants can do in a box, companies that have changed our world were established by immigrants. This includes companies like Google, eBay, AT&T, Kohl's and many others.
One in four engineering and technology are also known for having at least one immigrant founder as a part of their team, according to research by the Kauffman Foundation. As America is believed to have an estimated 11 million undocumented workers, just imagine what they could be capable of if they were given the ability to be legal here in the country; and how that would then in turn affect the growth of so many businesses. The potential for entrepreneurship is unlimited with immigration reform, as there is so much talent and ability that is available and lying in wait until they can be considered legal, because they fear deportation at this time.
If you or someone you know is in need of legal assistance, contact an immigration attorney in your area for more information!