It’s often believed that Indian Railways is the largest employer in the world. And even if it’s not India, Chinese could be the largest employer in the world, given the size of population of these two countries. However, the World Economic Forum published a research to put an end to these speculations and declared US Department of Defense as the largest employer with a workforce of 3.2 million people. Interestingly, in their list of top ten largest employers only three are private companies – Walmart, McDonald’s and Foxconn.
Here’s the full list.
U.S lawmakers can argue about the effect of immigration on their country’s economic change, but one cannot overlook the contribution of these foreign-born leadership in entrepreneurship and innovation.
A new study from the National Foundation for American Policy reveals that US immigrants started more than half of the current US-based startups valued at $1 billion and more. These 44 companies, the study says, are collectively valued at $168 billion and create an average of roughly 760 jobs per company in the U.S. The study also estimates that immigrants make up over 70% of key management or product development positions at these companies, WSJ reports.
Let’s have a look at the top 10 most renowned companies founded by immigrants.