Skills Wars Are the New Trade Wars

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Trade wars are costing the world trillions of dollars every year, but far less attention is paid to the movement and control of the movement of skills and labour. It is much easier than ever before to take an education and move to a country where workers can benefit personally, but at a certain cost to the country that trained them. Skills wars may be the new trade wars.

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[johnbee]

Here in Canada we have relied on a number of imported skilled workers. We bring in numerous doctors and lawyers and then turn them in to great fast food workers serving coffee, donuts and burgers.

[cohay]

“New Zealanders who leave for Australia raise the IQ of both countries.” -Robert Muldoon

[Dr.Sortospino]

I'm Italian, when I graduated in Italy for my Master in Materials Science find a job was a pain. They offered me 700 € a month to work 45 h per week in a "forever intership". And there are tons of cases like mine. You want to work in a restaurant? Prepare to work 7 days a week, for 4 $ per hour. Because "you are young, you need to learn". Thank you, I can learn the job in Germany for 5 times that with way better benefits. Before Brexit a lot of my friends went to UK. For these reasons. They never came back to work in Italy.
I'm overskilled? Industry doesn't think so. So there is a huge disconnection between labor market and school

[luigifranceschi]

I’m Italian, and I have attended Bocconi university, and I can confirm that most of the graduates look for job opportunities abroad once graduated. And many, including myself, leave. But what you failed to mention is that also after few years abroad, the most returns with much better skills and experience.
Of my peers 90% went within 2 years from graduation abroad, because if you wanna have a good career you need in your CV experience in a foreign country. But within 10 years most came back and now have senior positions with high paid jobs.

[miguelpantaleonguerrero]

There is also the social aspect. Here in the Philippines, the standard of success is if you were able to work abroad. Even if you work locally as a high level employee, someone doing menial jobs abroad would be looked up to.

[kracks]

As an Indian, it is worrisome when so many of my friends want to leave the country that nurtured them. But at the same time, what to do? This same country does not respect their skills and hardwork.

[IQstrategy]

FYI: US taxes does allow foreign taxes to be deducted from citizen tax & tax free up to about 100k.

[caimano]

I am an Italian citizen that left (and i have no intention of coming back until retirement).
Italy will continue to bleed talent as long as wages remain half of what they are in the rest of Europe, work culture totally lacks any whiff of meritocracy, and the state does its best to demolish private enterprises rather than support them.

Love from 🇺🇸 .

[paolo]

As an Italian I can't agree more. I have bachelor's and master's degree with maximum grades and I work hand in hand or even under people with just an high school diploma. At the same salary. The feeling of underemployment is very heavy, so heavy that next month I'll leave job and start looking abroad. And that's is shared basically between all my uni-mates

[okman]

How isn't this video sponsored by
Skill share

[wise]

This is the first time I'm learning so much from the comment section of a video. Nice discussions, guys

[illusive-mike]

Part of the issue with citizenship taxation is that a sufficiently disgruntled migrant worker whose only touchpoint with their country of origin is the extra taxes it levies on them for no benefit has no reason to hold on to their citizenship. This sort of control from a less influential country than the USA can simply direct skilled migrants to look into path-to-citizenship schemes, cutting the home country out altogether. This can be unpopular in the host countries, especially democratic ones where the newly naturalized migrants would potentially become an unpredictable voting block, but it is a tool on the table that doesn't have a clear equivalent when it comes to the movement of goods.

[carsond]

What gets overlooked is that Australia ended up with such a huge overseas education sector by accident. As a result of huge cuts to university funding in the late 90s the sector was forced to start increasing overseas student numbers who pay up front, as opposed to local students that only make deferred payments to the government after they start working.

[abhinavmankotia]

As an senior at the highest ranked public university in India ironically majoring in Econ, I find myself at this very crossroads. Im fortunate enough to be offered a higher package than most graduates yet it's nothing in comparison to what I can make in an English speaking country. I love my country but there's no way for me to grow here.

[alvaroqueirozmas]

I wonder how working from home affects this. I live in Brazil but I work and get paid directly by/for a US company.
At the same time I'm bringing money from US to Brazil, but on the other hand, I'm producing good/services for a US company.

I wonder the effects of this on a global scale

[linuxdragon]

BTW, I live in a US state with a huge agriculture industry. Corn subsidies do not give us food security because most of that corn is being turned into ethanol in an attempt to offset gasoline-related carbon emissions. Ethanol is energy negative (i.e. it's not actually offsetting anything), so the fact that that land that would otherwise be used for food is being used for something other than food is stupid.

[chacmool]

I am a U.S. American who's lived two decades in Indonesia where the World Bank and the country's own Labor Ministry have declared that the country lacks the skills needed for greater value added industries and therefore for greater development and improvement of the economy. I have worldwide experience, speak the national language (plus three others), have two master's degrees from globally significant universities, but the government puts significant obstacles in the way of my putting my education, experience and skills to work in the country. I also have a bit of capital but the country's bureaucracy and corruption dissuades me from putting it to work by opening a business. A lot of the problems highlighted in this vid are actually self-inflicted, the sad result of being more interested in protecting their 'dumb' national labor than exposing it to foreign talent and competition, and in pandering to anachronistic, exaggerated, populist nationalisms. The protectionism that Indonesia does need is protectionism against its ineffective, corrupt, unimaginative and wong ndeso national elites.

[gouthamkrishna]

I am from a place in India called Kerala, Kerala is better of when compared to other Indian states in terms of HDI and other social indicator. The prosperity we enjoy today is due to remittances from the gulf. The people who went to gulf used to send money back as remittances amd even today it forms the back bone of our local economy. We have a new wave of expacts to US Canada and Europe. Unlike Gulf NRIs the people who are going to Canada Europe and the USA, They are permanently getting settled there and they are sending little to no remittances.

[FernandoPerezh]

If a country wants to retain its own young people(more than 23/25 years old after college/university), so it should offer better quality, higher salaries, and quality employment. That's why countries like Australia, USA, United Kingdom, and Canada retain these workers, leading to population growth (for example, the USA increased its population to 350 million, Australia increased its population to 26.3 million, and Canada increased its population to 40 million) and New Zealand(nearly 6 million). I mean English speaking countries are good at keeping their workers.On the other hand, countries in Eastern Europe, southeast asia and Latin America suffer from depopulation due to the lack of opportunities, low salaries, and low quality of life in their nations.

[ChineseKiwi]

11:39 - As a dirty Kiwi immigrant to Australia, that animation jumping to Australia - 🤣
And my parents were skilled immigrants to New Zealand!

But yes, others reading this, there are around 550, 000 New Zealand citizens living in Australia, while only 60, 000 Australians live in New Zealand despite Australia having over 5 times the population.

Why? A key factor is wages, being you are often paid 40% or more for the same exact job while living expenses are similar overall, with Australia allowing New Zealand citizens to live and work indefinitely within Australia, similar to the Schengen Area for a lot of EU nationals.

Due to these good wages, Australia has among the least brain drain out of any country, being only 0.8% of Australians live outside Australia.

For me it was this and life opportunities for everything due to economies of scale, due to a bigger population, like more entertainment options and job options.