Getting Schooled: The Role of Universities in Attracting Immigrant Entrepreneurs

If you take the best talent from the developing world and move them all to America for education and then capture their talents through migration, you deprived the developing world of the talent they need to develop and thrive, which puts the developing world even further behind!

Seems like if we want to help the developing world we need to train and equip their talented people and ensure they have the security and infrastructure to build their homelands into developed nations with established trade routes, etc.

Or we can continue to exploit developing countries by snatching their top talent. It’s not modern day slavery, but it seems to be uncomfortably close in its exploitation.

And how do you make sure your getting students on Merit and not on wealth or social status how do you get the self taught Steve Woznick from say Nigeria, Keynya or Argentina

In the UK one establishment in London was shut down as they found a massive number of their "students" working in restaurants in brick lane.

Grad School programs are not that hard to get into or even pass.

'True H1Bs' - used what they are meant for and not as 'Infosys Visas' possibly altered a little bit for flexibility, I think are closer to what is needed.

The degree doesn't have to be recognized for it to be counted in the score. That's how you end up with "Engineers" driving taxis that are incapable of passing the PE exam (they are free to enroll, but would have to re-take pretty much the whole degree to have a shot at passing it).

> the average age for when immigrant founders got their social security number is close to 26 years old,which is a rough proxy for when these immigrants entered the United States. On the other hand, the average age at founding a VC-backed company is 49 years old, which indicates that the majority of founders, even in the latter part of the sample,likely immigrated to the United States before 2004

That statement is true for a small set of elite universities. For the vast majority of higher education, the most important things are classes, degrees, and the jobs that result. If by "classes" you mean "lectures" then sure, lectures are a pretty small part of the university.

But it's still useful as a time where I get to think about what I want to do and actually try them (software, hah) with abundance of freedom.

That part was really important.

It is good if engineers have the choice to drop out of postgrad to get a job in their discipline instead (is that why STEM has high attrition rates?)

It is probably good if STEM has strict standards and the high attrition rate is because marginal students don’t make the grade. Good engineering matters far more to the world than good doctoring does.

It is bad if medical students can get a MD regardless of their competency level?

It would be good if MDs had a low attrition rate because the filtering to get accepted let through only 1.5% of incompetent students (causally seems unlikely, but just hypothesising!). A lot of the filtering for lawyers occurs when they get a job (bimodal distribution of pay).

The presumption is that the local intellects will be developed, if just developed nations would not take them. This is not as likely.

The counter, where foreign educated people come back to home country is. This way the birth nation gains the foreign nation's intellect.(plenty of anecdotal evidence)

Will this be the case all the time? Of course not. The follow up question is, how many will return, where is the break even, where is the educational level, etc

Also - don’t forget that many immigrants (both high and low skilled) send money home. This can improve outcomes over time in their home countries.

Finally... ignoring a language barrier, what’s stopping you from moving to one of these countries? If you have valuable skills and they are suffering brain drain, you can potentially help.

If you don’t want to or if that sounds ridiculous, now you understand the position of a high skilled resident of one of those countries

Why do you feel people choosing to go to the US is the US feeling entitled? Do you believe these 'brains' aren't capable of assessing their own self interest?

>These discussions always end up going on about "the good of the country" but never about the good of other countries or the good of humanity.

That's because you're proposing restricting people from attending foreign universities 'for the good of humanity' which is on its face ridiculous.

> "The good of the country" really means for the good of the top 0.001%, which is where the purported benefit mostly ends up.

And those 'brains' who choose to go where they want get no benefit? Who are you to tell them what to do?

>If the US is going to hoover up all of the intellectual capital it can, it at least needs to acknowledge that this is harming other countries and accept some of the burden of repairing some of the damage this causes without attaching a bunch of strings that primarily benefits the US.

The US now owes other countries for accepting immigration, apparently. This is of course insane.

1) no one is forcing people to move out of their country. it's a personal choice of each of these individuals.

2) as a real life example, in my home country I know of plenty smart people with or without diplomas that ended up in jobs that have nowhere near close of a place to use their 'brains' even if they really want to and not from a lack of trying just a lack of opportunities.

what good is having having a sharp brain and a PhD if the only local job opportunities are: door to door salesman, fruits and vegetables vendor, cashier, farmer, goat herder, working in a call center.

Why do other countries feel entitled to drain all the manufacturing jobs and mid wage work from the United States' middle class and working class citizens that are least able to afford losing it? Competition creates winners and losers in various sectors and people go to where opportunities are. That's just life.