Brain Drain - Out of America... Mish Shedlock disscusses the educated workforce leaving the U.S. - One letter from a Mish reader:
Hello Mish,
Great article about High Tech research moving to China.
This, unfortunately, fits in with my personal observations.
Many of my daughter's friends who are graduating college this year plan on beginning their careers in other countries.
The schools they are graduating from include Harvard Business School, MIT, Colorado School of Mines, St. John's College and Stanford.
They will be starting their careers in New Zealand, France, South Africa, Canada, Brazil and England. Even my daughter's job choice will probably have her traveling to Italy and Germany on a regular basis.
It was startling to see that many bright young people so willing to leave this country. I don't know how many of those young men and women will actually retain their U.S. citizenship. Some really didn't seem to care one way or the other.
From my conversations with them, it is my understanding that they are very aware of what is happening in this country, as well as the world, and just wish to keep their options open.
This anecdotal observation, combined with conversations with other parents and articles that I've read, leads me to believe that the U.S. is about to encounter a "brain drain" of the next generation.
Very concerned about the ramifications of current U.S. policies and humbly yours,
http://globaleconomicanalysis.blogspot.com/2010/03/brain-drain.html (4*)