4 ms·
>Where are these opportunities If the stats on where most immigrants from foreign countries wind up residing are any indication, not in coastal California or N
by throwaway0a5e 5y ago
>Where are these opportunities
If the stats on where most immigrants from foreign countries wind up residing are any indication, not in coastal California or NYC.
The people who move to SV or NYC to get rich on tech or finance are generally Americans born to parents who are college educated or credentialed professionals, and you can see this in the demographics of the companies where these people are working and getting rich.
- nostrademons 5y agoSilicon Valley tech companies as a whole are 71% foreign-born [1]. Cupertino itself is 57.4% foreign-born [2]. I've been on teams at Google where I was the only U.S. citizen, out of 10 (the others were from Iceland, the UK, Vietnam, Taiwan, 2 India, and 3 China). Canada is another big contributor as well - out of my immediate neighborhood of ~60 coworkers, 5 were Canadian. The largest groups within SV tech are actually green-card holders or naturalized citizens. H-1Bs are only about 8%, U.S. citizens about 20-50% depending on company. [1] https://www.mercurynews.com/2018/01/17/h-1b-foreign-citizens-make-up-nearly-three-quarters-of-silicon-valley-tech-workforce-report-says/ https://www.mercurynews.com/2018/01/17/h-1b-foreign-citizens... [2] https://datausa.io/profile/geo/cupertino-ca/ https://datausa.io/profile/geo/cupertino-ca/
- giantg2 5y agoI was on a team on the east coast (finance arena) that was similar. I think a couple were US citizens, but I was the only US born person on the team. I was also the only white person on the team.