The startup visa
There are a lot of people who don’t like immigration because they worry about foreign workers taking jobs away from native citizens.
But what if the immigrants were creating jobs for Americans?
Paul Graham has proposed creating special visas for foreigners who are looking to found new companies in the United States. As he envisions it, the government would offer 10,000 foreign entrepreneurs a chance to realize their dreams each year:
By definition these 10,000 founders wouldn’t be taking jobs from Americans: it could be part of the terms of the visa that they couldn’t work for existing companies, only new ones they’d founded. In fact they’d cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew.
If the plan worked (and there is no reason why it shouldn’t), these immigrants would create thousands of new companies every year — helping America continue to innovate and providing many potential new jobs for the future.