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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (88314)11/1/2007 4:57:24 PM
From: slacker711  Read Replies (1) of 110194
 
There was a time when the "Einsteins" of the world came to America and stayed here -- and wow, what they did for us was truly amazing! Now the "Einsteins" of the world if they come here at all, often find better opportunities "back home" -- so they are more inclined to view the market for talent as a global market.

Sure, on a relative level the percentage of people that want to come to the US has gone down. However, on an absolute level there is a large portion of the world's intellectual capital that still wants to come to the US....the question is if we will let them. The fact that we put greater priority on letting in the relative of a current resident over somebody with a PHD in the sciences is just idiotic.

The one sustainable advantage that the US has is the ability to attract AND integrate the rest of the world's best and the brightest. We need to take advantage of that fact.

Slacker
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