On the other hand, educated immigrants (also bearing educated children) might improve the economy as a whole, since their presence lowers the cost of doing business while adding new entrepreneurs.
I think immigration helps this country (and our economy).
The problem is that he is attempting to conflate FOUR different issues:
1. USA! USA! USA! - (technology superpower): Just make all the STEM programs FREE. You want college level calc? Here's your free book and this is when/where your free class meets. His approach would have us relying on the educational systems in other countries that supply the immigrants. That's stupid.
2. Immigration - he really means H-1B visas.
3. Cheap labour - see #2.
4. What would personally benefit him and his company - see #3.
If we are turning away Nobel laureates because of our immigration limits ... no, we aren't. It's about cheap labour.
From TFA:
I asked the CEO of a startup with about 70 programmers how many more he'd hire if he could get all the great programmers he wanted. He said "We'd hire 30 tomorrow morning." And this is one of the hot startups that always win recruiting battles. It's the same all over Silicon Valley. Startups are that constrained for talent.
Bullshit. Startups are constrained by MONEY.
It is a RISK for an established programmer to work for a startup. They have families. They have responsibilities. You have to offer them a LOT of money to take that risk.