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Sure, in the sort run lots of pain from this. However maybe in the long run brexit will be amazing for britain. The UK has a highly educated, creative, dynamic

Sure, in the sort run lots of pain from this. However maybe in the long run brexit will be amazing for britain. The UK has a highly educated, creative, dynamic work force with strong anglo saxon work ethic. This is the country that invented industrialization and modern democratic governance. We stand at the dawn of a new era of technological shifts that are going to require radically different political/economic systems - I would not bet against the UK being the place that invents those systems now it's free from the shackles of the EU. Note I voted remain but the short term economic arguments don't carry much weight to me, all we know is that we don't know as there is so much uncertainty here.

jayalpha 8y ago
"Sure, in the sort run lots of pain from this. However maybe in the long run brexit will be amazing for britain. The UK has a highly educated, creative, dynamic work force with strong anglo saxon work ethic." Well, the "strong work ethic" is well reflected in your productivity :-) https://qz.com/1096354/ons-data-analysis-uks-productivity-problem-is-almost-twice-as-bad-as-the-rest-of-the-g7/ https://qz.com/1096354/ons-data-analysis-uks-productivity-pr...
dabeeeenster 8y ago
What are "the shackles of the EU"?!?!
hnnh44 8y ago
You're assuming those "highly educated, creative, dynamic workforce" will stick around through the "short term" (decades?) pain rather than migrate. Rather, as with Detroit, there's a good chance the best and brightest will take their talents where they'll be useful and well compensated. The people with the least value and mobility will be what's left. Being the pioneers doesn't mean they'll be the ultimate beneficiaries of it.
- CM30 8y ago
  > Rather, as with Detroit, there's a good chance the best and brightest will take their talents where they'll be useful and well compensated. So they'll go to Silicon Valley then? Tech salaries are nowhere near that high in Europe and I don't think Brexit's gonna change that. For either the UK or anywhere in the EU.
  - JAlexoid 8y ago
    Spanish High Tech salaries aren't exactly low... Neither are Dutch salaries. A Senior Engineer in London can expect 70K-100K($90k-$127k) on the higher end of the spectrum. Similar rates go in Amsterdam, or US outside of Bay Area and NYC.
- repolfx 8y ago
  It's more likely to be the other way around. People will still try to migrate from the EU to the UK - as they are already doing in huge numbers and are still doing years after the Brexit vote. If there was going to be a major drop in immigration numbers it'd have happened already and it hasn't. In fact immigration from outside the EU has gone up not down. The amount of fearmongering going on around this topic is quite eye opening and can only mean opportunities for people who keep their head. The top voted comment in this thread is saying that euro clearing moving out of London will "kill the market" and "be a shot in the head". That person clearly has no idea of the size of the euro clearing market (small), or the fact that it will hurt the EU significantly more - that activity not only takes place in London for good reasons, but it exposes the UK to significant risks in case of clearing house failure ... not an entirely unthinkable problem given the eurozone's dire economic straits (stalling despite negative rates). I'm OK with it though: short term loss of relatively minor profits for banks is probably worth the insulation from the threat of government-backed bailouts in case of eurozone problems. Also note the article: that money is leaving the UK because the EU is forcing it to leave via regulation. That's not a good sign for the strength of the EU economy - they can't win their own banking business on their own merits and have to literally ban Europeans from using British services to stop them doing it. My view is simple - the EU is heading in the wrong direction, fast, and not even attempting to turn around. There's a train wreck coming for sure but it's not coming to the UK, as long as we get out in time.
jnsaff2 8y ago
Working in the UK tech sector I am shoulder to shoulder with many talented hard working EU immigrants. We all have passports that have automatic work permits in at least 27 other countries that don’t need us to jump through hoops to work there and whose economy is not in hard uncertainty. I’m lucky tho that I don’t have a family in the UK, I feel for those that have. I sincerely wish the best for all brits but it is sad like an actual personal break up. Especially as this was just a Cameron/Conservative power play gone wrong.
namdnay 8y ago
> The UK has a highly educated, creative, dynamic work force What do these types of platitude even mean? Which country doesn't claim a highly educated, creative, dynamic work force?

jayalpha 8y ago

"Sure, in the sort run lots of pain from this. However maybe in the long run brexit will be amazing for britain. The UK has a highly educated, creative, dynamic work force with strong anglo saxon work ethic." Well, the "strong work ethic" is well reflected in your productivity :-) https://qz.com/1096354/ons-data-analysis-uks-productivity-problem-is-almost-twice-as-bad-as-the-rest-of-the-g7/ https://qz.com/1096354/ons-data-analysis-uks-productivity-pr...

dabeeeenster 8y ago

What are "the shackles of the EU"?!?!

hnnh44 8y ago

You're assuming those "highly educated, creative, dynamic workforce" will stick around through the "short term" (decades?) pain rather than migrate. Rather, as with Detroit, there's a good chance the best and brightest will take their talents where they'll be useful and well compensated. The people with the least value and mobility will be what's left. Being the pioneers doesn't mean they'll be the ultimate beneficiaries of it.

CM30 8y ago
> Rather, as with Detroit, there's a good chance the best and brightest will take their talents where they'll be useful and well compensated. So they'll go to Silicon Valley then? Tech salaries are nowhere near that high in Europe and I don't think Brexit's gonna change that. For either the UK or anywhere in the EU.
- JAlexoid 8y ago
  Spanish High Tech salaries aren't exactly low... Neither are Dutch salaries. A Senior Engineer in London can expect 70K-100K($90k-$127k) on the higher end of the spectrum. Similar rates go in Amsterdam, or US outside of Bay Area and NYC.
repolfx 8y ago
It's more likely to be the other way around. People will still try to migrate from the EU to the UK - as they are already doing in huge numbers and are still doing years after the Brexit vote. If there was going to be a major drop in immigration numbers it'd have happened already and it hasn't. In fact immigration from outside the EU has gone up not down. The amount of fearmongering going on around this topic is quite eye opening and can only mean opportunities for people who keep their head. The top voted comment in this thread is saying that euro clearing moving out of London will "kill the market" and "be a shot in the head". That person clearly has no idea of the size of the euro clearing market (small), or the fact that it will hurt the EU significantly more - that activity not only takes place in London for good reasons, but it exposes the UK to significant risks in case of clearing house failure ... not an entirely unthinkable problem given the eurozone's dire economic straits (stalling despite negative rates). I'm OK with it though: short term loss of relatively minor profits for banks is probably worth the insulation from the threat of government-backed bailouts in case of eurozone problems. Also note the article: that money is leaving the UK because the EU is forcing it to leave via regulation. That's not a good sign for the strength of the EU economy - they can't win their own banking business on their own merits and have to literally ban Europeans from using British services to stop them doing it. My view is simple - the EU is heading in the wrong direction, fast, and not even attempting to turn around. There's a train wreck coming for sure but it's not coming to the UK, as long as we get out in time.

jnsaff2 8y ago

Working in the UK tech sector I am shoulder to shoulder with many talented hard working EU immigrants. We all have passports that have automatic work permits in at least 27 other countries that don’t need us to jump through hoops to work there and whose economy is not in hard uncertainty. I’m lucky tho that I don’t have a family in the UK, I feel for those that have. I sincerely wish the best for all brits but it is sad like an actual personal break up. Especially as this was just a Cameron/Conservative power play gone wrong.

namdnay 8y ago

> The UK has a highly educated, creative, dynamic work force What do these types of platitude even mean? Which country doesn't claim a highly educated, creative, dynamic work force?