360° Coverage : Asian Immigrants Still Climbing in America

2 Updates
Asian Immigrants Still Climbing in America
Photo Credit: Forbes Business

Asian Immigrants Still Climbing in America

Apr 2 2014, 5:10pm CDT | by

Publication in the U.S. this year of a book, The Triple Package, has opened a door for recognition of an obvious but impolite truth: Asian immigrants to America constitute one of the most amazing...

Filed under: news

 
 
 

29 weeks ago

Asian Immigrants Still Climbing in America

Apr 2 2014, 5:10pm CDT | by

Publication in the U.S. this year of a book, The Triple Package, has opened a door for recognition of an obvious but impolite truth: Asian immigrants to America constitute one of the most amazing economic and social success stories of modern times.

It’s impolite to recognize this general fact because of sensitivity that this indicts other groups that have not kept pace. Indeed, many Asian-Americans themselves bridle at being a “model minority” and may point out that any number in their ranks do lag. (Indeed it’s wrong to idealize decades of struggle for early arrivals, as noted in works like Iris Chang’s The Chinese in America.) The Triple Package’s husband-and-wife authors from Yale Law School, Jed Rubenfeld and Amy Chua, were careful to single out other groups besides Asians, although Chua, who earlier published Battle Hymn of the Tiger Mother about Chinese parenting, can’t escape the obvious results.

What’s apparent, and what Americans as well as Asians should be celebrating, is that millions of people could uproot themselves from thousands of miles away, come to a place while often without money or language skills, and within one or two generations gain a firm foothold in the upper middle class. In terms of their numbers relative to the size of the U.S. at the time, this phenomenon compares only with that of the eastern European Jews who arrived roughly a century before.

For the earlier period, economic history from Thomas Sowell provides a good picture. In the current instance, U.S. Census surveys bear out that among 4.7 million “Asian” households there is a steady upward movement in income category through the 2012 data. And this is not just a maturation factor–the younger cohorts are showing faster ascents year by year. That’s consistent with attainment of higher scholastic and social status. Business formations and earnings from them also speak to this.

These data aren’t as complete as you’d like and East Asian and South Asian immigrants often get lumped together. But their experiences appear similar.

Some, including the Triple Package authors, suspect that outperformance is not carrying into the third generation of Asian immigrants. Data are even sketchier about that. It’s true that many of the source nations for this influx have grown richer, which theoretically would reduce the flow of hungry talent. But if business opportunities back in Asia have improved, that may only further enhance the prospects for immigrants who can bridge two worlds.

In a world of so many woes, desperate migrations among them, this is one enormously joyous outcome.

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a n ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Ebola not to upset Africa's overall growth: IMF
Harare, Oct 23 (IANS) The Ebola outbreak in West Africa, which has claimed 4,500 lives, will have minimum impact on continent's overall growth, a top International Monetary Fund (IMF) official said Thursday.
 
 
Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday.
 
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said.
 
 
Music therapy reduces depression in kids, adolescents
London, Oct 23 (IANS) Music therapy reduces depression in children and adolescents with behavioural and emotional problems, a study found.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla