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Top One Percent: Are Hindus the New Jews in America?

US went from sole superpower to demographic + economic + social/political crisis. No one can bank on the US anymore because they will switch on you depending on who gets into power and its likely going to be hispanic-black in the future as they will be majority population. Hispanic/black don't like racist whites so they will have poor relations with europe especially eastern europe/australia and better relations globally
 
Indian Americans: The New Model Minority

The 2008 election barely ended before the GOP began touting the presidential prospects of Louisiana Gov. Piyush "Bobby" Jindal, the son of Indian immigrants. Tuesday, Jindal becomes the new face of his party when he delivers the official Republican response to President Obama's speech to Congress. Whether or not he actually runs for president in 2012, Jindal symbolizes a remarkable but rarely discussed phenomenon--the amazing success of Indian Americans in general, and what that success says about our immigration policy.

Most Americans know only one thing about Indians--they are really good at spelling bees. When Sameer Mishra correctly spelled guerdon last May to win the 2008 Scripps National Spelling Bee, he became the sixth Indian-American winner in the past 10 years. Finishing second was Sidharth Chand. Kavya Shivashankar took fourth place, and Janhnavi Iyer grabbed the eighth spot. And this was not even the banner year for Indian Americans--in 2005, the top four finishers were all of Indian descent.

It's tempting to dismiss Indian-American dominance of the spelling bee as just a cultural idiosyncrasy. But Indian success in more important fields is just as eye-catching. Despite constituting less than 1% of the U.S. population, Indian-Americans are 3% of the nation's engineers, 7% of its IT workers and 8% of its physicians and surgeons. The overrepresentation of Indians in these fields is striking--in practical terms, your doctor is nine times more likely to be an Indian-American than is a random passerby on the street.

Indian Americans are in fact a new "model minority." This term dates back to the 1960s, when East Asians--Americans of Chinese, Japanese and Korean descent--were noted for their advanced educations and high earnings.

East Asians continue to excel in the U.S, but among minority groups, Indians are clearly the latest and greatest "model." In 2007, the median income of households headed by an Indian American was approximately $83,000, compared with $61,000 for East Asians and $55,000 for whites.

About 69% of Indian Americans age 25 and over have four-year college degrees, which dwarfs the rates of 51% and 30% achieved by East Asians and whites, respectively. Indian Americans are also less likely to be poor or in prison, compared with whites.

So why do Indian Americans perform so well? A natural answer is self-selection. Someone willing to pull up roots and move halfway around the world will tend to be more ambitious and hardworking than the average person. But people want to come to the U.S. for many reasons, some of which--being reunited with other family members, for example--have little to do with industriousness. Ultimately, immigration policy decides which kinds of qualities our immigrants possess.

Under our current immigration policy, a majority of legal immigrants to the U.S. obtain green cards (permanent residency) because they have family ties to U.S. citizens, but a small number (15% in 2007) are selected specifically for their labor market value. The proportion of Indian immigrants given an employment-related green card is one of the highest of any nationality. Consequently, it is mainly India's educated elite and their families who come to the U.S.

The success of Indian Americans is also often ascribed to the culture they bring with them, which places strong--some would even say obsessive--emphasis on academic achievement. Exhibit A is the spelling bee, which requires long hours studying etymology and memorizing word lists, all for little expected benefit other than the thrill of intellectual competition.

But education and culture can take people only so far. To be a great speller--or, more importantly, a great doctor or IT manager--you have to be smart. Just how smart are Indian Americans? We don't know with much certainty. Most data sets with information on ethnic groups do not include IQ scores, and the few that do rarely include enough cases to provide interpretable results for such a small portion of the population.

The only direct evidence we have comes from the 2003 New Immigrant Survey, in which a basic cognitive test called "digit span" was administered to a sample of newly arrived immigrant children. It is an excellent test for comparing people with disparate language and educational backgrounds, since the test taker need only repeat lengthening sequences of digits read by the examiner. Repeating the digits forward is simply a test of short-term memory, but repeating them backward is much more mentally taxing, hence a rough measure of intelligence.

When statistical adjustments are used to convert the backward digit span results to full-scale IQ scores, Indian Americans place at about 112 on a bell-shaped IQ distribution, with white Americans at 100. 112 is the 79th percentile of the white distribution. For more context, consider that Ashkenazi Jews are a famously intelligent ethnic group, and their mean IQ is somewhere around 110.

Given the small sample size, the rough IQ measure and the lack of corroborating data sets, this finding of lofty Indian-American intelligence must be taken cautiously. Nevertheless, it is entirely consistent with their observed achievement.

The superior educational attainment, academic culture and likely high IQ of Indian Americans has already made them an economic force in the U.S., and that strength can only grow. Does this continuing success imply they will become a political force? Here, Gov. Jindal is actually a rarity. Indians are still underrepresented in politics, and they do not specialize in the kinds of fields (law and finance) most conducive to political careers. Time will tell if they are able to convert economic power into serious political influence, as a Jindal presidency could.

A much clearer implication of Indian-American success is that immigrants need not be unskilled, nor must their economic integration take generations to achieve. In sharp contrast to Indian Americans, most U.S. immigrants, especially Mexican, are much less wealthy and educated than U.S. natives, even after many years in the country.

A new immigration policy that prioritizes skills over family reunification could bring more successful immigrants to the U.S. By emphasizing education, work experience and IQ in our immigration policy, immigrant groups from other national backgrounds could join the list of model minorities.

There is nothing inevitable about immigration. Who immigrates each year is a policy decision, free to be modified at any time by Congress. Constructing new legislation is always difficult, but I propose a simple starting point for immigration selection: Anyone who can spell guerdon is in!

Jason Richwine is a National Research Initiative fellow at the American Enterprise Institute in Washington.

Indian Americans: The New Model Minority (forbes.com)
Indian Americans: The New Model Minority (forbes.com)



Why Indians are the highest earning ethnic group in US? Harsh Goenka explains

According to the latest US Census data, the Indians now have an average household earning of $123,700, i.e a little over ₹1 crore, PTI reported. The median earnings of the Indians there is nearly double the nationwide average of $63,922.

Industrialist Harsh Goenka has taken to Twitter to explain why Indians are earning the highest in the United States. In a tweet. he shared an infographic on median household income in the United States by ethnic group.

According to Goenka, Indians value good education and are the most educated ethnic group. He added that Indians work very hard along with being frugal in their habits. “We are smart. We are in IT, engineering and medicine- the highest paying jobs”. he tweeted.

https://pbs.twimg.com/media/FmbjuuHaUAIQcn5?format=jpg&name=small
https://pbs.twimg.com/media/FmbjuuHaUAIQcn5?format=jpg&name=small

The infographic has the US Census Bureau data of 2013-15 American Community Survey. It shows that the median household income of Indian-Americans stands at $100,000, which translates to ₹81.28 lakh as per the current exchange rate. The Chinese-Americans and Pakistani-Americans are lower on the list with median incomes of $69,100 and $66,200 respectively.

“Definitely proud of these Indians, many of whom are no longer Indian citizens but really sad about the fact that India has not been able to retain the likes of them - shouldn't we talk about this as well?” a Twitter user replied to Goenka's tweets.

Another user wrote, "Indians Mostly due to tech and doctors. Filipinos as well, doctors. So our international household in top two. Our kids 3 country trifecta. maybe even 4 or 5 since Spanish Filipino heritage and possibly British India"

According to the latest US Census data, the Indians now have an average household earning of $123,700, i.e a little over ₹1 crore, PTI reported. The median earnings of the Indians there is nearly double the nationwide average of $63,922.

Why Indians are the highest earning ethnic group in US? Harsh Goenka explains - Hindustan Times
 

Gen-next of immigrants in US return home ; India, China to gain from reverse brain drain​

Samir Kapadia seemed to be on the rise in Washington, moving from an internship on Capitol Hill to jobs at a major foundation and a consulting firm. Yet his days, he felt, had become routine.

By contrast, friends and relatives in India, his native country, all in their early-to-mid-20s, were telling him about their lives in that newly surging nation. One was creating an e-commerce business, another a public relations company, still others a magazine, a business incubator and a gossip and events Web site.

"I'd sit there on Facebook and on the phone and hear about them starting all these companies and doing all these dynamic things," recalled Kapadia, 25, who was born in India but grew up in the United States. "And I started feeling that my 9-to-5 wasn't good enough anymore."

Last year, he quit his job and moved to Mumbai.

In growing numbers, highly educated children of immigrants to the US are uprooting themselves and moving to their ancestral countries, experts say. They are embracing homelands that their parents once spurned but that are now economic powers.


Some, like Kapadia, had arrived in the US as young children, becoming citizens, while others were born in the US to immigrant parents.

Enterprising Americans have always sought opportunities abroad. But this new wave underscores the evolving nature of global migration, which is presenting challenges to US supremacy and competitiveness.

In interviews, many of these Americans said they did not know how long they would live abroad; some said it was possible they would remain expatriates for many years, if not for the rest of their lives. Their decisions to leave have, in many cases, troubled their immigrant parents. Yet most said they had been pushed by the dismal hiring climate in the US or pulled by prospects abroad.

"Markets are opening, people are coming up with ideas every day, there's so much opportunity to mold and create," said Kapadia, now a researcher at Gateway House, a new foreign-policy research organisation in Mumbai. "People here are running much faster than those in Washington."

For generations, the world's less-developed countries have suffered brain drain - the flight of many of their best and brightest to the West. That, of course, has not stopped. But now, a reverse flow has begun, particularly to countries like China and India and, to a lesser extent, Brazil and Russia. Some scholars and business leaders contend that this emigration does not necessarily bode ill for the US.

They say young entrepreneurs and highly educated professionals sow American knowledge and skills abroad. At the same time, these workers acquire experience abroad and build networks that they can carry back to the US or elsewhere - a pattern known as "brain circulation."

But the experts caution that in the global race for talent, the return of these expatriates to the US and US companies is no longer a sure bet.

"These are the fleet-footed, they're the ones who in a sense will follow opportunity," said Demetrios G Papademetriou, president of the Migration Policy Institute, a non-profit group in Washington that studies population movements.

"I know there will be people who will argue all about loyalty, etc, etc," Papademetriou said. "I know when you go to war, loyalty matters. But this is a different kind of war that affects all of us."

The US government does not collect data on the emigration of US-born children of immigrants, or on those who were born abroad but moved to the country as young children. But several migration experts said the phenomenon was significant and increasing.

"We've gone way beyond anecdotal evidence," said Edward JW Park, director of the Asian Pacific American Studies Program at Loyola Marymount University in Los Angeles. He pointed out that this migration was spurred by the efforts of some overseas governments to attract more foreign talent by offering employment, investment, tax and visa incentives.

"So it's not just the individuals who are making these decisions," he said. "It's governments who enact strategic policies to facilitate this."

Officials in India said they had seen a sharp increase in the arrival of people of Indian descent in recent years, including at least 100,000 in 2010 alone, said Alwyn Didar Singh, a former senior official at the Ministry of Overseas Indian Affairs. Many of these Americans have been able to leverage family networks, language skills and cultural knowledge gleaned from growing up in immigrant households.

Jonathan Assayag, 29, a Brazilian-American born in Rio de Janeiro and raised in South Florida, returned to Brazil last year. A Harvard Business School graduate, he had been working at an Internet company in Silicon Valley and unsuccessfully trying to develop a business.

"I spent five months spending my weekends at Starbucks, trying to figure out a startup in America," he recalled.

All the while, friends from Harvard urged him to make a change. "They were saying: 'Jon, what are you doing? Go to Brazil and start a business there!"' he said.

Last year, he relocated to Sao Paulo and became an "entrepreneur in residence" at a leading Brazilian venture capital firm. He is now starting an online eyewear business.

"I speak the language, I get the culture, I understand how people do business," he said.

Calvin Chin was a Chinese-American entrepreneur born in Michigan and used to live in San Francisco, where he worked at technology startups and his wife was an interior decorator.

Chin's mother was from China, as were his paternal grandparents. His wife's parents were from Taiwan. They are now in Shanghai, where Chin has started two companies - an online loan service for students and an incubator for technology startups. His wife, Angie Wu, has worked as a columnist and television anchor, and they have two young children.

"The energy here is phenomenal," Chin said.

Reetu Jain, 36, an Indian-American raised in Texas, was inspired to move to India while taking time off from her auditing job to travel abroad. Everywhere she went, she said, she met people returning to their countries of origin and feeling the "creative energy" in the developing world.

She and her husband, Nehal Sanghavi, an Indian-American lawyer, moved to Mumbai in January 2011. But instead of continuing in accounting, she switched professions. Embracing a long-held passion, she now works as a dance instructor and choreographer and has acted in television advertisements and a Bollywood film.

For many of these emigres, the decision to relocate has confounded - and even angered - their immigrant parents. When Jason Lee, who was born in Taiwan and raised in the US, told his parents during college that he wanted to visit Hong Kong, his father refused to pay for the plane ticket.

 
I love studies like this. Back in the 1990s they said that Chinese were a model minority too. Indians already have experience with this sort of fake praise like the whole concept of "martial races" but apparently they keep falling for it.

I hope Indians fully believe their own hype.
In the US they gave opportunities to every race. But a difference between China and India ...Chinese got an education and invested back in China, but in modern China, the Indians landed in search of a better life. You can find them singing and dancing under the Indian flag, that's all ... show great patriotism to India ...
 
In the US they gave opportunities to every race. But a difference between China and India ...Chinese got an education and invested back in China, but in modern China, the Indians landed in search of a better life. You can find them singing and dancing under the Indian flag, that's all ... show great patriotism to India ...

look, US played big game with India. their industries want Indians in particular. and yes, if you want 'only' Indians, (something straightaway), then its good.
beautiful-developed countries US-NATO :cheers:

have good drink, their pay is also 'comparatively' higher than almost all the immigrant groups :-)
 
In the US they gave opportunities to every race. But a difference between China and India ...Chinese got an education and invested back in China, but in modern China, the Indians landed in search of a better life. You can find them singing and dancing under the Indian flag, that's all ... show great patriotism to India ...

i have been talking, "you would always keep Chinese, Russians, Brazilians with Indians. they are something multi-culturism, which release stress. Pakistanis, some from bangla, ASEAN region ratio, all we would maintain." :cheers:
 
Global crisis forces reverse migration by up to 30 pc: Experts

MUMBAI: With concerns over the global economic situation and reports on growing unemployment, there is a rise in reverse brain drain by up to 30 per cent, according to experts. :-)

"The reverse drain has been seen across the industries and various geographies across the globe, including the US, Canada, Australia and Europe. The number of people wanting to come back to India has gone up by 25-30 per cent as compared to pre-economic crisis," International Management Institute (IMI) Professor Satish K Kalra told PTI.

Global crisis forces reverse migration by up to 30 per cent: Experts - Economic Times
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=> https://economictimes.indiatimes.co...-30-per-cent-experts/articleshow/15363700.cms
 
Younger CEOs paid more in India than US

MUMBAI: A new breed of younger Indian CEOs is rewriting the rules of the compensation game. In the process, they are topping their American and European peers to stand out as the highest paid executives globally, something which was once the exclusive preserve of executives from companies based outside India.

The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore. Compared with the Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses, it highlights the rising salaries of younger CEOs, especially in promoter-run firms in India.

Younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. This was revealed in a study by global recruitment firm Randstad, which was commissioned by TOI to compare the differentials that exist between salaries of Indian CEOs vis-a-vis their western counterparts.

The compensation of Indian CEOs, though growing sharply, is still 45% lower than their American peers and 21 % lower than European CEOs. However, the gap in salaries when compared to European CEOs is shrinking faster, especially in the manufacturing, energy and infrastructure segments, the study points out. Indian CEOs received an average salary of Rs 6.3 crore.

The study is based on conversion of international salaries to Indian rupees by applying a Purchasing Power Parity (PPP) conversion factor of 20.224. This basically means that the exchange rate is adjusted so that identical goods in two different countries have the same price when expressed in the same currency. As a representative sample, Randstad took into consideration companies that form the BSE100 (for India), FT100 (for Europe) and S&P100 (for US) indices as of August 20, 2012. All long-term benefits like stock options were excluded.

"With current levels of inflation, and if India's GDP shows higher growth, the gap between salaries in India will come closer to the levels of the western world. The younger Indian CEOs are compensated better, because there is a higher concentration of promoter CEOs in this group. We can see that in sectors like manufacturing, energy and infrastructure, first-generation promoters are passing on the CEO mantle to their heirs and other family members," says Balaji E, MD & CEO, Randstad India.

However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53% higher than professional CEOs, the study revealed.

While professional Indian CEOs still need to catch up with their international peers, the gap in the average salary is highest in the information technology, telecom and communications, finance, retail, media and entertainment sectors, closely followed by the consumer goods industry. In the manufacturing, energy and infrastructure segments, the compensation of Indian CEOs is at par with the European CEOs due to the higher concentration of promoter CEOs in these two segments.

"Today, more and more Indian CEOs get compensated at world-class levels. This trend is driven by several factors. Firstly, it speaks of the professionalization of management and secondly, the most critical constraint to growth is the availability of general managers. It is just pure supply and demand. Finally, professional managers have a considerable set of opportunities to choose from. The broad implication is that, going forward, India cannot become competitive by playing cost arbitrage but has to master the innovation game," says Vijay Govindarajan, professor at Tuck School of Business at Dartmouth College and a part of the celebrated Thinkers 50 group.

Some Indian executives, however, think that the differences in the way salaries are structured for Indian CEOs compared to their western counterparts would continue for a while. "There is a difference between CEO compensation in India as compared to the US and Europe. American CEOs, in particular, and businesses have much greater risks attached to them. The stress that leaders undergo makes them demand far greater compensations whereas in the Indian context, the time lines for performance and the risk factor is much lesser," says Hari T, chief people officer at IT services major Mahindra Satyam.

Indian CEOs from the manufacturing segment earned the highest at Rs 8.7 crore, followed by CEOs from consumer goods with an average salary of Rs 5.6 crore. The other significant point to have emerged from the study is that private sector CEOs are compensated 21 times more than public sector CEOs. With an average salary of Rs 6.3 crore, private sector CEOs are compensated far better than their public sector counterparts, who earn an average compensation of Rs 0.3 crore. The salaries of CEOs of the public sector do not include benefits and perquisites provided to those in the private sector.

Rajeev Chopra, CEO and MD, Philips Electronics India, is more pragmatic and refuses to buy into the euphoria over increasing salaries of Indian CEOs. "Broadly speaking, compensation has always been and will continue to be a function of a myriad factors, such as the prevailing salary structure in the country's job market, the specific industry, the business situation a particular company finds itself in, etc. Therefore, clearly, a 'one size fits all approach' has not worked and may not work in the context of global salaries."

Be that as it may, due to the increasing complexities of Indian businesses, salaries can only go up.

Besides, comparisons would never cease considering salaries remain the biggest point of discussion across management levels in global businesses.

Younger CEOs paid more in India than US - The Times of India
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=> https://timesofindia.indiatimes.com...ore-in-India-than-US/articleshow/16456335.cms
 

Hindu Americans have surpassed Jewish Americans in education and rival them in household incomes. How did immigrants from India, one of the world's poorest countries, join the ranks of the richest people in the United States? How did such a small minority of just 1% become so disproportionately represented in the highest income occupations ranging from top corporate executives and technology entrepreneurs to doctors, lawyers and investment bankers? Indian-American Professor Devesh Kapur, co-author of The Other One Percent: Indians in America, explains it in terms of educational achievement. He says that an Indian-American is at least 9 times more educated than an individual in India. He attributes it to what he calls a process of "triple selection".

Hindu American Household Income:

A 2016 Pew study reported that more than a third of Hindus (36%) and four-in-ten Jews (44%) live in households with incomes of at least $100,000. More recently, the US Census data shows that the median household income of Indian-Americans, vast majority of whom are Hindus, has reached $127,000, the highest among all ethnic groups in America.

Median income of Pakistani-American households is $87.51K, below $97.3K for Asian-Americans but significantly higher than $65.71K for overall population. Median income for Indian-American households $126.7K, the highest in the nation.


Hindu Americans Education:

Indian-Americans, vast majority of whom are Hindu, have the highest educational achievement among the religions in America. More than three-quarters (76%) of them have at least a bachelors's degree.

By comparison, sixty percent of Pakistani-Americans have at least a bachelor's degree, the second highest percentage among. The average for Asian-Americans with at least a bachelor's degree is 56%.

American Hindus are the most highly educated with 96% of them having college degrees, according to Pew Research. 75% of Jews and 54% of American Muslims have college degrees versus the US national average of 39% for all Americans. American Christians trail all other groups with just 36% of them having college degrees. 96% of Hindus and 80% of Muslims in the U.S. are either immigrants or the children of immigrants.





Jews are the second-best educated in America with 59% of them having college degrees. Then come Buddhists (47%), Muslims (39%) and Christians (25%).

Triple Selection:

Devesh Kapur, a professor of political science at the University of Pennsylvania and co-author of The Other One Percent: Indians in America (Oxford University Press, 2017), explains the phenomenon of high-achieving Indian-Americans as follows: “What we learned in researching this book is that Indians in America did not resemble any other population anywhere; not the Indian population in India, nor the native population in the United States, nor any other immigrant group from any other nation.”

Devesh talks about what he calls “a triple selection” process that gave Indian-Americans a boost over typically poor and uneducated immigrants who come to the United States from other countries. The first two selections took place in India. As explained in the book: “The social system created a small pool of persons to receive higher education, who were urban, educated, and from high/dominant castes.” India’s examination system then selected individuals for specialized training in technical fields that also happened to be in demand in the United States. Kapur estimated that the India-American population is nine times more educated than individuals in the home country.

Summary:

Hindu Americans rival Jewish Americans in educational achievement and household incomes. Hindus in America have joined the ranks of the richest people in the United States. They account for just 1% of the US population but they are disproportionately represented in the highest income occupations ranging from top corporate executives and technology entrepreneurs to doctors, lawyers and investment bankers. Indian-American Professor Devesh Kapur, co-author of The Other One Percent: Indians in America, explains it in terms of their educational achievement. He says that an Indian-American is at least 9 times more educated than an individual in India. He attributes it to what he calls a process of "triple selection".
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USA does not support India, the way it supports Israel. lol.

Hindus are not the new Jews of USA.
 
USA does not support India, the way it supports Israel. lol.

Hindus are not the new Jews of USA.

Hindus are a population society similar to Chinese. while Jews are less in number which doesn't affect political ratio of USA, ....
hence similar favour like Jews, the Indian-Chinese don't get, similar to other small religious groups like KOreans-Japanese.......
 
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