First up, let me say this: I'm a huge fan of people coming to America from other countries to better themselves. After all, if my family hadn't immigrated back in the day, I'd be hanging out in low-end suburbs of Dublin, plus I'm involved in arranging for sponsorship of many foreign nationals as they navigate their way through the visa/immigration process. I'm in the software biz, yo!
But let's talk in real terms about the following Workforce article that notes that America is seeing a dramatic 'outflux' of talented foreign nationals leaving the states for their homeland due to a lack of opportunity. From Workforce:
"A 2009 survey by financial firm HSBC revealed that 23 percent of expats in the United States and 44 percent in the United Kingdom were considering going home because of the global economy. Although they originate from several countries, these expats from the U.S. and U.K. cited limited career prospects as the top reason for returning home.
Back in the U.S., the story is particularly startling, with one expert contending that the tide of expats heading home has reached historic proportions. “For the first time in American history, expats are leaving,” says Vivek Wadhwa, senior research associate with the Labor and Worklife Program at Harvard Law School. “For the last decade or so, there’s been a massive outflux of talent, particularly to India and China. These are typically skilled professionals in the prime of their careers.”
Wadhwa says between 50,000 and 75,000 Indian and Chinese professionals went back home in the last 20 years. Those numbers will soon more than double. “There will be another 100,000 to India and 100,000 to China in the next five years,” he says. “These people are driving innovations in their home countries that will become competitors to America.”
Is that bad news or good news? Maybe a little of both.
First the bad news. America never wins when talented people from other countries go home. Never. The list of people who have come to America and made bigger contributions to our country than most 4th generation Yankees is long and distinguished.
However, coming off a major period of change that saw millions of Americans lose jobs to outsourcing, maybe there's a silver lining. Is it possible that those Americans could seek retraining and be prepared to fill the spots when the economy rebounds and new jobs are created?
Wishful thinking? Probably. In the global world we now live in, it's never that easy.
















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