The Brain Drain That Is Killing America's Economy

The war on terror lasted twenty years. The war for talent should be America’s main mission for the next twenty.

1/23/2022 4:03:00 PM

'The war on terror lasted twenty years. The war for talent should be America’s main mission for the next twenty,' writes paragkhanna

The war on terror lasted twenty years. The war for talent should be America’s main mission for the next twenty.

of only 0.1% between mid-2020 and mid-2021, which amounts to barely 200,000 new migrants. At this rate, America’s population may well soonEven with sanity restored to the White House, America’s reputation remains at a nadir. More than half the world’s population is under the age of forty. From Colombia to Morocco to Afghanistan, they’ve grown up watching America flail militarily and disgrace itself politically. From 9/11 to the war on terror, the financial crisis and rising inequality, all have diminished America in the eyes of the younger generation.

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paragkhanna It's been over a year & no action yet to address 100yrs+ GCBacklog, 15 mo+ EAD delays & self-deportation of H4 kids. No wonder Indian immigrants now prefer Canada. House provisions 60002,3,4 reg GC recapture etc have not even been sent to SP by .SenatorDurbin. Can you ask him? paragkhanna BRAIN DRAIN FROM AMERICA? TO WHERE? More like Brain Infarct from Republicancholesterolemia.

paragkhanna The New Rome Is Falling paragkhanna It would help if education didn’t saddle those pursuing higher degrees with crippling debt. paragkhanna Sure, by denying Asian and White American's places in top universities and giving their places to people who scored much lower to fulfil racial quotas. According to research 66% of those quota students drop out so it's just waste. War for talent my behind 🤡

paragkhanna Thanks for restoring my happiness in my darkest days, during those period I invested $500 and to my greatest surprise I got a return of $9,200 in just 5 days her reliability can't be equated William_Usr paragkhanna 戦争を避ける努力は知恵と布施行だろう。 paragkhanna A lot to unpack here. Initial thought, nearly 20% of the Am. workforce in what is considered the professional category are foreigners on visa. Yet, qualified & deserving Ams. are in less senior positions. Unsurprisingly, many of those are Americans of color.

paragkhanna paragkhanna US face brain drain caused by many factor. One of them is restriction of freedom of thought in the name of political correctness, woke culture, false anti racism, multiculturalism, delusional cultural diversity paragkhanna Our education system strives for equal opportunity for all, meaning everyone gets pushed to the middle. Children with exceptional potential do not have the chance to reach it.

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paragkhanna It is not a war on terror, it is a war of aggression! paragkhanna BTW college/university here in Germany is FREE - even for non-nationals! ...and quite a few courses are 100% in English 😎 paragkhanna Isn't the war on terror a cover so the government can grow heroin for their state sponsored terrorist organizations so government can expand their power?

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belly up by 2038 . Demographic forecasting is a generational exercise, and America’s shrinking youth base is the result not only of lower fertility and rising economic uncertainty, but also because the country has failed to maintain what used to be a huge edge in attracting young talent from around the world. America launched the “War on Terror” over twenty years ago, invading Afghanistan and soon after Iraq. Even as President Obama sought to rebuild America’s prestige, the annual inflow of Chinese and Indian students began to taper and decline during the latter years of his administration. Then came Donald Trump’s visa bans, border walls, and immigration restrictions. Taken together, as the startling data from the latest Census reveals, American immigration has plummeted to an of only 0.1% between mid-2020 and mid-2021, which amounts to barely 200,000 new migrants. At this rate, America’s population may well soon decline . Even with sanity restored to the White House, America’s reputation remains at a nadir. More than half the world’s population is under the age of forty. From Colombia to Morocco to Afghanistan, they’ve grown up watching America flail militarily and disgrace itself politically. From 9/11 to the war on terror, the financial crisis and rising inequality, all have diminished America in the eyes of the younger generation. Today’s most important battleground is people, not places. There is a global war for young talent to recruit young students, professionals, taxpayers, caregivers, entrepreneurs, investors, and others to ensure healthy demographics, tax base, industry, and innovation. But the young people America needs are a slippery target. Since the 2008 financial crisis, the number of American expats has doubled, many of them young professionals seeking opportunity across fast growing economies from Eastern Europe to the Far East. Now comes the remote revolution. COVID-19 has been a “great reset” in our lifestyles, workplace habits, and other aspects of social and professional life. It will be for global talent migration as well. According to research firm IDC, more than forty percent of the global workforce—at least 1.5 billion people—is “location independent.” The capacity for remote work has graduated from latent to actual. Professionals are moving as never before, both within and across borders—and this is only the immediate mid-pandemic phase. Now imagine the pace of relocation once borders have actually reopened and corporate culture fully adapts to digital platforms. At the moment, asynchronous collaboration is Google Docs and Slack, but soon enough it will be more Github and Metaverse . Many people are quitting their jobs due to burn-out but promising that their next job will be remote. According to the Y-combinator funded Hacker News, the number of job posts featuring remote work have quadrupled since 2017. American tech companies have been the most progressive in embracing remote work. That alone will drive many to seize the moment to relocate abroad. But they’ve also said they plan to hire the best people anywhere for each new position. Suddenly the Bay Area coder may be competing with talent in Kenya. As Simon Kuper wryly warned in the Financial Times , “If you can do your job from anywhere, then someone anywhere can do your job.” Even though the Biden administration is encouraging companies to “buy American” or “hire American,” their DNA guides them to constantly arbitrage the world for taxes, technology and talent. A friend from a major tech company recently flew to Portugal to recruit Europeans and Americans who have planted roots there and corral them into a new co-working space. From Tulum, Mexico, to Athens, Greece, to Phuket, Thailand, entire colonies have sprung up catering to mobile youth in search of sunny, low-tax hubs. Digital nomads are geographically mercenary, using websites like Expatistan and nomad-themed message boards to calculate where to find the best balance between cost of living and quality of life. And those websites are steering them towards Berlin, Prague, Tbilisi, and Bali—not New York and Los Angeles. And according to VanHack, one of the largest platforms of digital nomads in the software industry, Canada, Britain, Germany, the Netherlands, Ireland, and Spain all rank ahead of the U.S. as top destinations for relocating among the more 600,000 developers surveyed. Americans are making Europe great again. A generational shift has occurred that Boomers and even older Gen-X don’t quite grasp: Today’s young professionals don’t identify themselves by their nationality—they identify as talent. Millennial and Gen-Z are content with portfolio careers and working abnormal hours, even for less pay, in exchange for less work and more time for travel and passion projects. Business degrees are a particularly powerful agent of mobility. For all intents and purposes, an MBA is a passport. The world’s eight hundred business schools spread across fifty countries are perhaps the leading agents in stirring the pot in the global war for talent. They recruit worldwide for students and compete fiercely to feed their graduates into multinationals, which then circulate them around the world. Corporate executives may no longer control where employees want to be, but still determine who gets to rise to the top. Executives cluster near headquarters, and human resource departments are starting to emphasize longitude to avoid the inefficiencies of asynchronous coordination. For the same reason, venture capital funds will often have board members in two out of the three—America, Europe, or Asia—but rarely all three. The end-state for global companies might resemble the “Twenty hubs but no HQ” model business guru CK Prahalad prophesied nearly two decades ago. Dozens of countries want to be those hubs. Smart governments are rolling out the red carpet for this new global nomadic class. Before Covid, almost no nation had special “nomad visas” save for Estonia. Now almost 70 countries do. Dubai’s Golden Visa program has attracted hundreds of young entrepreneurs who are given grants and other perks to innovate the country’s AI and drone programs. Sweden and Singapore have “tech pass” programs that actively give grants to start-ups. More broadly, many governments have adopted more clearly tiered migration systems, ladders that residents climb on the pathway from migrant and stakeholder to resident and citizen. America is history’s greatest winner in the war for talent, but the competition is heating up. A decade ago, the U.S. still took in as many migrants as the rest of the rich world combined. But as of 2019, according to a recent CATO Institute study, that gap had narrowed to zero—and that was before COVID-19 travel restrictions. Continued suspicions over Chinese espionage have turned off many