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> A couple weeks ago here on HN there was an article about how for every one high paying tech worker there is a network effect of jobs created around them. Woul
by Melting_Harps 4y ago
> A couple weeks ago here on HN there was an article about how for every one high paying tech worker there is a network effect of jobs created around them. Would seem like that's the angle being played here, but given the "requirements" it really isn't clear that these programs will have a meaning impact.
The reality is less opportune, and you need only look at what has happened in Portugal and how the locals haven't had much of a benefit whereas, the investor-real estate holding class have benefited immensely.
Rising rents and gentrification have not yielded much for the locals, whose local businesses are less frequented than anticipated. It's a paradox, because one could argue that their are less measurable metrics: culture exchange, integration etc... but it's the crux of this program or any other DN project. It's about bringing in some much needed capital from high net-worth workers into the country to offset dwindling population and a lower tax base.