Comments on: Reverse Brain Drain http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 18:29:42 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: DL http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136330 DL Tue, 30 Dec 2008 05:36:23 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136330 Bruce @ 1:05 “We can send them …the soon to be laid off Paulson…” No such luck. He can pick any job he wants on Wall Street; they all love him there. Bruce @ 1:05

“We can send them …the soon to be laid off Paulson…”

No such luck. He can pick any job he wants on Wall Street; they all love him there.

]]> By: DL http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136329 DL Tue, 30 Dec 2008 05:32:12 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136329 I wish we could get them to take the trial lawyers off our hands also. They can send us some of their engineers. I wish we could get them to take the trial lawyers off our hands also.

They can send us some of their engineers.

]]> By: KJ Foehr http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136316 KJ Foehr Tue, 30 Dec 2008 02:46:24 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136316 IMO, our brain gain from TROW has been one of the primary reasons for our success over the past 100 years or longer. When it stops, which I believe it is in the process of doing now, our future success will be severely impacted. Look at American enrollment in engineering and the sciences; Americans don’t like those majors because they are too difficult, but Asians flock to them. And in the future, after they graduate, they will flock back to Asia instead of staying here. Who is going to replace them? China won’t need many Americans. They admire us now, and seek out Americans to learn from, but as we fall from grace, they will turn back to their own. There are plenty of overseas Chinese and Chinese grad students to pick from. Penn, for example is about 40% Asian now; I don’t know the percentage in the Wharton school, but I expect it is similarly high. The language would make it a very, very tough transition for most Americans, especially those over 40 or so. Because Chinese students all study English in China, it is much easier for them to come here to study and work than for Americans, who mostly never study a foreign language, to make a go of it over there. It seems a painful dose of humility is in our not-so-distant future. IMO, our brain gain from TROW has been one of the primary reasons for our success over the past 100 years or longer. When it stops, which I believe it is in the process of doing now, our future success will be severely impacted.

Look at American enrollment in engineering and the sciences; Americans don’t like those majors because they are too difficult, but Asians flock to them. And in the future, after they graduate, they will flock back to Asia instead of staying here.

Who is going to replace them?

China won’t need many Americans. They admire us now, and seek out Americans to learn from, but as we fall from grace, they will turn back to their own. There are plenty of overseas Chinese and Chinese grad students to pick from. Penn, for example is about 40% Asian now; I don’t know the percentage in the Wharton school, but I expect it is similarly high. The language would make it a very, very tough transition for most Americans, especially those over 40 or so. Because Chinese students all study English in China, it is much easier for them to come here to study and work than for Americans, who mostly never study a foreign language, to make a go of it over there.

It seems a painful dose of humility is in our not-so-distant future.

]]> By: lionhead http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136304 lionhead Tue, 30 Dec 2008 01:08:35 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136304 Don't forget Greenspan and Bernanke when he leaves. Maybe the Chinese can "reformat" them... Don’t forget Greenspan and Bernanke when he leaves. Maybe the Chinese can “reformat” them…

]]> By: donna http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136233 donna Mon, 29 Dec 2008 18:48:51 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136233 Oh, yes, please! Send them all! Oh, yes, please! Send them all!

]]> By: Bruce N Tennessee http://www.ritholtz.com/blog/2008/12/reverse-brain-drain/comment-page-1/#comment-136223 Bruce N Tennessee Mon, 29 Dec 2008 18:05:10 +0000 http://www.ritholtz.com/blog/?p=14228#comment-136223 Good. We can send them Madoff and the soon to be laid off Paulson, and throw in Leisman, and Cramer, and Vince Farrell, and mustard seed himself. Good. We can send them Madoff and the soon to be laid off Paulson, and throw in Leisman, and Cramer, and Vince Farrell, and mustard seed himself.

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