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March 09, 2012

Gov. Rick Snyder's Survivorship Bias and Legal Immigration

"Imagine the Grand Rapids area without Meijer, or Midland if Dow Chemical never existed, Gov. Rick Snyder asks of people polarized by the immigration debate. 'We've Americanized these companies and forgotten they were created by immigrants who have given our communities so much,' Snyder said Thursday after speaking at the West Michigan Asian American Association's annual fundraiser at the Goei Center," Michigan Live reports. "Snyder's commentary, which he's taken to Congress asking for eased restrictions on green cards and talked about at policy conferences, is exactly what Eastern Floral CEO Bing Goei wants to hear and spread."

FAIR comment: Snyder's argument is based in survivorship bias. Survivorship bias is the belief that company success is due to something other than luck - and ignoring the many companies that failed with similar origins. see more here and here.