jeudi 27 janvier 2022

Unintended Consequence of Trumpism

The Brain Drain That Is Killing America's Economy

https://time.com/6140707/americas-brain-drain-economy/

Quote:

Each spring I get antsy WhatsApp messages from friends across the U.S., as well as London, Dubai, Hong Kong, and Singapore. Their high school senior kids have just been admitted to colleges in America, Canada, Britain, and elsewhere, and they want my opinion on the best option. Over the past decade I’ve been tracking these late teens’ decisions and the trend has been unmistakeable: Less America, more Canada. Canadian education is as good as America’s and more affordable. Universities such as Waterloo have blended apprenticeships into their curricula as a requirement for graduation, and McGill has established itself as a global innovation hub. The next beneficiary of America’s reputational fall from grace is Europe, especially universities in England, Scotland, and Ireland. The Netherlands is also very much in vogue as many countries switch to English instruction.

Global teen talent choosing non-American higher education—and some of America’s best and brightest doing the same— couldn’t come at a worse time. The country’s demographics have been deteriorating since before the 2008 financial crisis, with economic insecurity leading to a sharp drop-off in fertility. The “baby bust” that followed the financial crisis implied that America would have fewer 18-year olds entering college by 2026—and thus many colleges would have to shutter.
and,

Quote:

The Biden Administration has its work cut out for it to attract the world’s best and brightest to America in anything like the numbers it used to. It has managed to let Trump’s H1-B visa restrictions expire, and plans to allow spouses of H1-B holders to work, a boost for would-be two-income households. But immigration reform remains an epic mess, held up by Congressional inaction on the Build Back Better Act whose provisions include a massive overhaul of green card processing that would immediately affect nearly one million current foreign workers. If those workers leave, there won’t be enough skilled Americans to take their place.
Who wants immigrants? Unintended consequences anyone?


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