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Interestingly, interest in immigrating to Germany, Australia, and Canada also dropped as well. And overall interest in immigrating for STEM jobs has fallen. Wh
by alephnerd 1y ago
Interestingly, interest in immigrating to Germany, Australia, and Canada also dropped as well. And overall interest in immigrating for STEM jobs has fallen.
What this appear so the showing is that brain drain is starting to slow down as white collar salaries have risen in countries like China, South Korea, India, Romania, etc.
No reason uprooting your life to earn $50k in Germany or $150k in the US when you can earn $30k in China, Romania, or India.
I've been saying this for a long time, glad to see this observation is starting to be validated.
- im3w1l 1y agoIt might also reflect a weakening job market in the west.
- alephnerd 1y agoTrue, but a lot of that is also aligned with the tech industry hiring boom abroad. Outside the US white collar salaries stagnated, and in the US white collar hiring cooled.
- janalsncm 1y agoThe article attributes that drop to stricter immigration policies in those countries, but I’d like to see more examples from non-Anglo countries (maybe South Korea or Singapore or UAE) to see if the trend also holds there. > No reason uprooting your life Labor rights in China aren’t great. It’s 50k in Germany for nearly half the weekly hours.
- alephnerd 1y ago> but I’d like to see more examples from non-Anglo countries (maybe South Korea or Singapore or UAE) UAE and Singapore will most likely see a spike - Chinese and Indian companies expanded temporary hiring and postings in those geos, along with moving HQs in order to access western financial markets. > Labor rights in China aren’t great. It’s 50k in Germany for nearly half the weekly hours. Sure, but CoL is lower, career progression is better, you are closer to your family, and you don't face culture shock in a country with a small Asian community. And these are white collar jobs we are talking about. The US still has some pull factor due to high salaries and large diaspora communities, but that is fading as immigration has become much more complex and domestic options are getting better. If you want to start a startup, ironically it's easier to raise in China or India compared to Germany now because of larger capital markets and better linkages with financial hubs like Singapore, London, UAE, etc.
- jajko 1y agoA lot of people think like that, thats true. Not really grokking them, the systems in western countries is much more advanced, be it social or medical services, better education for kids, much safer and so on. But as an expact myself who decided he left his home country for good and for good reasons, I've seen it often, more often in blue collar jobs. Its a lot easier if such folks never actually left and didnt experience better life as a whole elsewhere. Then accepting lower standards becomes much harder, there is only so far one can get by throwing money at problems.
- alephnerd 1y agoYep! Exactly! The decrease in brain drain doesn't necccesarily imply broader economic equality. Earning $30k in China or India where median household incomes are $5k and $3k respectively means you are afforded a lot of luxuries that makes moving to a higher paying developed country difficult. People who aren't able to work high salary STEM jobs are desperate for a better option, and that's the majority in those countries.
- Havoc 1y agoUK also just announced a supposed reversal of the migrant labour gameplan
- alephnerd 1y agoI mean, the UK is in the same boat as Germany and Canada - outside of high finance and some American tech companies, salaries are weak and they aren't attracting the cream of the cream. Plus high paying British firms like BAE, Rolls Royce, and Leonardo Global have Indian offices that pay competitive (£30-40k) salaries for R&D so the incentive of going to the UK is weak, as £60k but California level CoL just doesn't cut it.