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A side benefit that I hadn’t really considered but seems obvious; By taking in skilled workers from other countries, it’s like poaching talent from another comp
by sbr464 8y ago
A side benefit that I hadn’t really considered but seems obvious; By taking in skilled workers from other countries, it’s like poaching talent from another company. Then they aren’t contributing to or building companies in their former country. Not sure the scale you would need to make a dent, but is there a name for this?
- wdewind 8y agoBrain Drain.
- jonathanyc 8y agoHuman capital flight a.k.a brain drain/gain.
- mLuby 8y agoBrain Drain https://en.wikipedia.org/wiki/Human_capital_flight https://en.wikipedia.org/wiki/Human_capital_flight
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- antisthenes 8y agoA side benefit? It's been USA's primary competitive advantage for decades - brain draining the cream of the crop from a 5 billion population. It's incredibly naive to think it was ever unintentional.
- ivl 8y agoThe beneficiary of pretty much every brain drain for the last 100 years. No wonder such a strong economy came of it.
- antisthenes 8y agoAnd the network effects of having some of the smartest people in the world together in proximity where they are able to cooperate and produce real innovation.
- HillaryBriss 8y agoCalifornia is probably THE focal point of this braininess. And yet, California has an above average poverty level, below average per-capita education spending and achievement and all-too-frequent state budget problems. How can this brain-driven economy coexist with this poverty and inequality? It's not the result I would expect. How do we explain this? More important - how do we reduce the poverty and spread the benefits of this brain-driven economy more evenly?
- dudul 8y agoThe choice of word is interesting: encouraging immigration of skilled workers to the US has the benefit of preventing them from participating in the development of their home country. Short term, sure it's beneficial for the US, but I don't think it's a good idea to reflect in a vacuum or only thinking short term. Emergent countries being able to develop is beneficial for everybody.
- damnyou 8y agoWhat about the immigrants? It's a huge benefit to them!
- dudul 8y agoOf course, but that's not what the original message was pointing out. Comparing countries stealing other countries skilled workers and companies poaching employees is not a good idea IMO, that's all.
- damnyou 8y agoIt's the same thing, it's just the barriers are different. Silicon Valley is successful partly because noncompetes don't get enforced in California. It makes things slightly worse in the short term for each company but better for both the individuals and the world overall. The US has been successful partly because it's attracted so many skilled immigrants. It makes things slightly worse for other countries in the short term (though remittances!) but is better for both the individuals and the world overall.
- rhexs 8y agoCitation? Brain drain, so that Silicon Valley can produce various ride-sharing and world-changing pizza delivery apps, is better for the world? I certainly think it's better for the rich as it drives the stock market up, but a blanket "better for the world overall" is certainly an interesting take.
- outworlder 8y ago
- gukov 8y agoImmigration, World Poverty and Gumballs - https://www.youtube.com/watch?v=LPjzfGChGlE https://www.youtube.com/watch?v=LPjzfGChGlE
- angarg12 8y agoBrain Drain is a real issue in some parts of the world. I grew up in Spain and got all my higher education for free. The state essentially spent large amount of money in me, hoping that I would give it back to the economy as a skilled worker. After the 2008 crisis I moved like thousands others in my same situation. Now other countries will benefit from the ROI that my home country made on me instead.
- edflsafoiewq 8y agoHow do you feel about that?