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> Engineers are among the most privileged professionals on Earth. It’s great companies look to reduce costs. Lower cost of goods and services help everyone. Cou
by thumbsup-_- 3y ago
> Engineers are among the most privileged professionals on Earth. It’s great companies look to reduce costs. Lower cost of goods and services help everyone. Countries that meddle with the economy to keep incomes high end up having lower quality of life.
No company cares about people and no country really cares about foreign nationals (especially non-refugees). It's all demand and supply. When workforce demand is high and supply is low, wages go high. They don't go high because you have a degree but because there are less people with a degree.
Countries want these people because employers want them. If there are more people, wages could be lower but it will also attract more employers and hence more jobs for everyone possibly. There is no real answer whether this is helpful for an economy or not. It's a chicken and egg problem. Without talent there will be less companies interested in a geo area and without enough jobs there will be less talent attracted. So, countries are trying to solve one part of the problem (talent) with regulation.