4 ms·
A lot of these conversations miss two aspects completely: 1. Smart STEM people are more inclined to having a family. Constant uncertainty is not conducive to f
by NTDF9 7y ago
A lot of these conversations miss two aspects completely:
1. Smart STEM people are more inclined to having a family. Constant uncertainty is not conducive to family. That will cause a lot of smart people to be sea turtles.
2. The most significant drawback of smart people congregating elsewhere is that future American companies are fucked. There is just going to be a lot more competition for products globally. Future Apple will have to fight Chinese companies in India. Mariott will have to fight Oyo in China. Future Tesla will have to fight BYD in Europe.
A LOT of our stock wealth is because other companies couldn't innovate as rapidly because the US was draining those countries of this talent pool. With this reversal, American companies will have a smaller pool of talent and will get whacked everywhere. Its super unfortunate.
- helen___keller 7y ago>1. Smart STEM people are more inclined to having a family. Constant uncertainty is not conducive to family. That will cause a lot of smart people to be sea turtles. Also, even for the well-compensated, it's financially very difficult to afford the 'ol house & car dream in what I would expect are top locations for immigrants (SF bay area, New York, Boston, Seattle, LA, ...). Certain parts of China also have absurdly expensive real estate (Shanghai, Beijing), but rent tends to be much more affordable and if you have family nearby the whole housing situation becomes much easier.