Liberty Star
07-27-2009, 04:25 PM
This is a strange news, is this development good or bad for US economy?
Note, article does not classify other countries as "terrorist countries", that is my added commentary.
Skilled immigrants fleeing the U.S.
The ‘brain drain’ is reversing as the recession slashes jobs, opportunities
BusinessWeek
July 27, 2009
Lured by the prospect of climbing to the top of his field, New Delhi native Swaroop Ganguly came to the U.S. 10 years ago and earned a Ph.D. in electrical and computer engineering from the University of Texas at Austin in 2005.
Cuts into tax revenues
But the issue is tricky when it comes to the most educated and skilled immigrants — people like Ganguly. When well-paid individuals leave the country, that cuts into already depleted tax revenues for state and local governments.
The departure of top talent in technology and science may also undercut the prospects for a recovery in the U.S., many economists say. These immigrants often start companies and come up with technological breakthroughs, creating new job opportunities for all.
Full article here:
http://www.msnbc.msn.com/id/32172403/ns/business-world_business
Note, article does not classify other countries as "terrorist countries", that is my added commentary.
Skilled immigrants fleeing the U.S.
The ‘brain drain’ is reversing as the recession slashes jobs, opportunities
BusinessWeek
July 27, 2009
Lured by the prospect of climbing to the top of his field, New Delhi native Swaroop Ganguly came to the U.S. 10 years ago and earned a Ph.D. in electrical and computer engineering from the University of Texas at Austin in 2005.
Cuts into tax revenues
But the issue is tricky when it comes to the most educated and skilled immigrants — people like Ganguly. When well-paid individuals leave the country, that cuts into already depleted tax revenues for state and local governments.
The departure of top talent in technology and science may also undercut the prospects for a recovery in the U.S., many economists say. These immigrants often start companies and come up with technological breakthroughs, creating new job opportunities for all.
Full article here:
http://www.msnbc.msn.com/id/32172403/ns/business-world_business