US upward social mobility is among the worst in the world. US workers are stuck in a rat race that simply doesn't exist to the same extent in Europe.
Pretty much all the US tech companies are now run by immigrants of minority backgrounds while, for example, Eastern European and Turkish immigrants in Germany are still regarded as cleaners and kebab salesmen, with the only notable exception they can name being the Turkish CEO of BionTech.
And I stand by my point that the big companies that the article is about don't have too much diversity on the higher levels.
Here is a brilliant idea for you, don't try to jab complete strangers you know nothing about, keep the debate to subject matter. Then you'll skip the whole hoopla of trying to arguing yourself out from uncomfortable corner you paint yourself into.
So I'm still not following, you really gotta give more context.
So low-paying jobs in the service sector are not an immigrant thing in the US? Did you talk to enough Europeans to know we can only name the BionTech guy as an example of a successful immigrant?
Please name some for me. Especially in Germany.
My evidence? Reality.
A few examples as well as general recent trends but also the challenges immigrant founders are facing.
The article actually says this:
> Glaring funding gaps: A lack of access to capital -- government support, business angels and venture capital -- particularly plague first-generation migrant founders, who received €1.1 million on average, compared to €2.6 million of all startups.
> Below-average cooperation: While the average startup cooperates with seven established businesses, first-generation migrant founders only have two such firm ties. What's more, they work together with scientific institutions less often. Within the startup ecosystem, however, cooperation is well-established across the board.
Effectively the difference between a chance of 0.0000001% and 0.0% is not important…
This is incorrect. American social mobility is low. But not widely so, and certainly not consistently lowest among rich countries. (It is consistently among the lowest.)
If one takes "the extent to which son’s [sic] earnings levels reflect those of their fathers," Britain and Italy are worse than America while France is quite close [1]. Similarly, "after adjusting for the country-specific distribution of socio-economic status, the United States, France and Belgium are countries where parental background has the greatest influence on student achievement."
[1] http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.411... Figure 2, page 9
Looking at the mean in Europe vs the US there is no contest. Other metrics in the same paper indicate that for factors that impact long term social stability, like schooling, the US is the worst.
It's possible that, since the US is such a big territory, regional differences are distorted. But I couldn't find a better source myself, with a quick search.
Compared with the cohort of European countries, America fairs poorly (though not excessively so).
The original claim, however, was that it fares "among the worst in the world." This is incorrect; it's roughly middle of the pack [1][2].
On the measure of the "number of generations it would take...those born to...the bottom 10% of the income distribution...to approach the mean in their society," America ties with Ireland, Portugal, Italy, the U.K., Italy, Austria and Switzerland. It is ahead of France, Germany and Hungary. In summary, America is good at allowing the poor to become middle class. It is less good at letting the middle class become exorbitantly rich, though not terribly so.
[1] https://www.oecd.org/social/broken-elevator-how-to-promote-s...
Going back to the original argument that something in the US's tax policy or job markets makes the US perform better when it comes to upwards social mobility, I think we can definitely debunk that.
The common view is the opposite though: higher tax rates and lower entrepreneurship in Europe are assumed to put a damper on the middle class from amassing significant wealth. On the other hand, the US has significantly more billionaires per capita than most countries in Europe [1], and many of those are "self-made" (i.e. not generational wealth). What am I missing here?
[1] https://en.wikipedia.org/wiki/List_of_countries_by_number_of...