Some news on this lately. Will have a fundamental impact on the economic competitiveness of the US, China and India.
More of world's talented workers opt to leave USA
More skilled immigrants are giving up their American dreams to pursue careers back home, raising concerns that the U.S. may lose its competitive edge in science, technology and other fields.
ECONOMY: Driving emigration
"What was a trickle has become a flood," says Duke University's Vivek Wadhwa, who studies reverse immigration.
Wadhwa projects that in the next five years, 100,000 immigrants will go back to India and 100,000 to China, countries that have had rapid economic growth.
"For the first time in American history, we are experiencing the brain drain that other countries experienced," he says.
Suren Dutia, CEO of TiE Global, a worldwide network of professionals who promote entrepreneurship, says the U.S. economy will suffer without these skilled workers. "If the country is going to maintain the kind of economic well-being that we've enjoyed for many years, that requires having these incredibly gifted individuals who have been educated and trained by us," he says."
Read more on the link.
Also more articles about this. Companies like Apple, Google, IBM, Intel, Oracle & Microsoft are very concerned about this.
Skilled Immigrants are leaving the U.S. Why?
"The Business Week quoting a study by Duke University professor and Harvard researcher Vivek Wadhwa found that among Chinese nationals who emigrated to the U.S. and later returned home, 72% said they thought professional opportunities were better in China. Among Indians who returned home, 56% said the same of their country. Wadhwa estimates that as many as 200,000 skilled workers from India and China will go home over the next five years, compared with roughly 100,000 over the past 20 years.
"We're in a recession, and there is enough good talent now [in the U.S.], but long term, it will hurt like you won't believe," says Wadhwa, in an interview to Business Week.
"Losing critical talent means arming the U.S.'s competition. The next Google, Microsoft, or Apple could be launched in Shanghai or Bangalore."
Why Skilled Immigrants Are Leaving the U.S.
New research shows that highly skilled workers are returning home for brighter career prospects and a better quality of life
"Our new paper, "America's Loss Is the World's Gain," finds that the vast majority of these returnees were relatively young. The average age was 30 for Indian returnees, and 33 for Chinese. They were highly educated, with degrees in management, technology, or science. Fifty-one percent of the Chinese held master's degrees and 41% had PhDs. Sixty-six percent of the Indians held a master's and 12.1% had PhDs. They were at very top of the educational distribution for these highly educated immigrant groups—precisely the kind of people who make the greatest contribution to the U.S. economy and to business and job growth. "
More of world's talented workers opt to leave USA
More skilled immigrants are giving up their American dreams to pursue careers back home, raising concerns that the U.S. may lose its competitive edge in science, technology and other fields.
ECONOMY: Driving emigration
"What was a trickle has become a flood," says Duke University's Vivek Wadhwa, who studies reverse immigration.
Wadhwa projects that in the next five years, 100,000 immigrants will go back to India and 100,000 to China, countries that have had rapid economic growth.
"For the first time in American history, we are experiencing the brain drain that other countries experienced," he says.
Suren Dutia, CEO of TiE Global, a worldwide network of professionals who promote entrepreneurship, says the U.S. economy will suffer without these skilled workers. "If the country is going to maintain the kind of economic well-being that we've enjoyed for many years, that requires having these incredibly gifted individuals who have been educated and trained by us," he says."
Read more on the link.
Also more articles about this. Companies like Apple, Google, IBM, Intel, Oracle & Microsoft are very concerned about this.
Skilled Immigrants are leaving the U.S. Why?
"The Business Week quoting a study by Duke University professor and Harvard researcher Vivek Wadhwa found that among Chinese nationals who emigrated to the U.S. and later returned home, 72% said they thought professional opportunities were better in China. Among Indians who returned home, 56% said the same of their country. Wadhwa estimates that as many as 200,000 skilled workers from India and China will go home over the next five years, compared with roughly 100,000 over the past 20 years.
"We're in a recession, and there is enough good talent now [in the U.S.], but long term, it will hurt like you won't believe," says Wadhwa, in an interview to Business Week.
"Losing critical talent means arming the U.S.'s competition. The next Google, Microsoft, or Apple could be launched in Shanghai or Bangalore."
Why Skilled Immigrants Are Leaving the U.S.
New research shows that highly skilled workers are returning home for brighter career prospects and a better quality of life
"Our new paper, "America's Loss Is the World's Gain," finds that the vast majority of these returnees were relatively young. The average age was 30 for Indian returnees, and 33 for Chinese. They were highly educated, with degrees in management, technology, or science. Fifty-one percent of the Chinese held master's degrees and 41% had PhDs. Sixty-six percent of the Indians held a master's and 12.1% had PhDs. They were at very top of the educational distribution for these highly educated immigrant groups—precisely the kind of people who make the greatest contribution to the U.S. economy and to business and job growth. "
