Passage from India: Are Immigrants a Drain on the U.S. Economy? - Knowledge@Wharton
6 Dec 2018 1:19 PM GMT
The belief that immigrants represent a net burden to the U.S. economy is untrue if one considers the experience of those from India, according to this op-ed.
- This view is inaccurate – or at least incomplete – if one considers the experience of immigrants from India, writes Ignatius Chithelen, manager of Banyan Tree Capital in New York City.
- In my opinion, that belief is inaccurate – or at least incomplete — if one considers the experience of immigrants from India, who have made significant contributions to the U.S. economy.
- The CEOs include Satya Nadella of Microsoft, which has a market value of $820 billion; Sundar Pichai at Google, whose parent company, Alphabet, is valued at $730 billion; Shantanu Narayen at Adobe Systems, which sells software tools for digital publishing and media services, with a market value of $115 billion; and Sanjay Mehrotra, CEO of Micron Technology, a memory chip maker with a market value of $42 billion.
- They include Ajit Jain, who is vice chairman of Berkshire Hathaway and head of its insurance business.
- (Narv) Narvekar has managed Harvard University’s $39 billion endowment.
- Ajit Jain of Berkshire owns more than $100 million of the company stock.
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