3 ms·
Why's that? Doesn't tourism and business coming into the US benefit the country? Take student visas. Sure, you could have a student come to the US, finish thei
by Cthulhu_ 1y ago
Why's that? Doesn't tourism and business coming into the US benefit the country?
Take student visas. Sure, you could have a student come to the US, finish their education, and go back to their home country, "stealing" knowledge from the US to benefit their own country. Or they could find a job in the US and/or start the next trillion dollar company since the opportunities in the US are better. Satya Nadella traveled to the US for a university degree and ended up at Microsoft, where he led business units bringing in tens of billions, and under his CEO-ness he increased the value of the MS stock from around $40 when he became CEO in 2014 to $477 today, making it one of the first trillion dollar companies in the US.
But that wouldn't have happened if he didn't get a visa. Neither would Tesla (Elon Musk, migrated from South Africa on a student visa), netiher would Google (Sergey Brin migrated in from Russia, Sundar Pichai migrated on a student visa from India), etc.
I just don't understand it.
- wizzwizz4 1y agoStocks going up doesn't actually improve things for anyone. To use Microsoft as a specific example: that stock price increase corresponds directly to a reduction in quality of life for many people. This is, of course, immaterial to your main point: we can point to many actual contributions from migrants, such as maintaining infrastructure, providing food and education, and technological advancements.
- JumpCrisscross 1y ago> Stocks going up doesn't actually improve things for anyone Yes, it does, it’s called the wealth effect. This is beyond firm effects that stem from lower costs of capital.