Are we in a bubble?, page-47

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    On immigration. I think that those posters here that want to put a ban on immigration for at least 5 years are willing to make exceptions if pressed to do that by the Aussie Alon Musks.

    "Highly-skilled immigrants represent a unique contradiction. On the one hand, countries seek to increase border security, limit asylum seekers, and build walls. On the other, those same countries actively recruit and seek to attract immigrants with specific skills, training, and educational levels...

    As British residents have fewer children and society gets older, there is more demand specifically for healthcare workers of all kinds. As such, the best and brightest minds from poorer countries become attracted to the much higher wages outside of their countries and they leave—resulting in a brain drain. Nearly sixty percent of all doctors born in Ghana and eighty-five percent of nurses born in the Philippines have left the country to work elsewhere! Wealthy countries reap the benefits of this brain gain. Although highly-skilled and educated individuals and families that emigrate for higher pay undoubtedly benefit from emigration, the countries that experience brain drain persistently lose a very valuable resource. Besides losing most of its doctors, Ghana also now faces a major shortage of those qualified to teach the next generation of medical professionals, so the negative effect crosses multiple generations."
 
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