The number of people who have decided to leave their countries in search of job opportunities reached astronomical levels this year. In many countries it has been called the lost generation, the absent generation, the sandwich generation because they are between two crises, but in reality they are the generation of " Klinex" because the official discourse talks about it in terms of “use and throw away”.
That in reality it is a generation scammed by a discourse that defines a world that no longer exists, I am going to talk to you about the reason why young people leave many countries.
Human capital, which represents 64% of total wealth worldwide according to the World Bank, is the most valuable resource of countries. This capital is incorporated in people and its location changes when they move from one territory to another, for example. Therefore, the human capital of an economy depends on the investment effort of its families, companies and also public administrations, such as spending on training and the efficiency of its educational system; however, it is also influenced by migratory movements and capital. human of migrants.
Immigration abroad always reduces the human capital of a country and this effect is more pronounced the higher the level of training of these emigrants, and the truth is that it does not surprise me that the magnitude of these figures is atypical and resembles the numbers observed in the period prior to a deep crisis or the imminent increase in unemployment and as is obvious this is not referred to anywhere, it is not addressed by any political party because they probably do not even understand the magnitude of this phenomenon.
If immigration abroad significantly reduces the human capital of a country, especially of those emigrants with a high level of training, there may obviously be long-term consequences, for example,** a loss of competitiveness, a decrease in the number of qualified workers because can lead to a reduction in the innovative and competitive capacity of an economy, Industries that depend on specialized skills then have to face challenges to maintain their level of production and quality.**
Impact on economic growth, human capital is a key driver of economic growth,** the emigration of highly skilled individuals can slow economic growth as the country loses some of its most productive workforce.
Challenges in key sectors, especially in sectors such as health technology and education that depend largely on these highly qualified professionals, which is why they may suffer labor shortages in the future and that would affect the quality and availability of these essential services themselves.
Effect on public finances, highly qualified workers usually contribute significantly to the tax base, their emigration leads to a significant decrease in tax revenues, which would also affect the government's ability to finance public services, social programs, etc.
Widening of the skills gap, if qualified workers emigrate in large numbers, a gap in skills in the country of origin is created and widened and makes innovation, adaptation to new technologies, and work methods difficult. .
Dependence on foreign labor, to compensate for the loss of skilled workers the country has to become more dependent on foreign labor curiously and that is like reverse engineering.
Influence on long-term demographics, the sustained emigration of young people and professionals obviously alters the demographics of a country and ends up resulting in an aging population with fewer workers to support the welfare system and those pensions that are sometimes so at stake.
Reduction in investment in education, if graduates tend to emigrate there may be less incentives to invest in high-level education, which could also affect the quality and quantity of higher education available, this happens to some countries in Latin America .
Transfer of knowledge, although negative for the country of origin, the emigration of highly qualified people facilitates the transfer of knowledge and skills at a global level, especially in the countries where you are going to emigrate.
This not only limits the current but also the future capacity to generate wealth of a country, affecting the sustainability of public finances due to the reduction of those incomes that can occur in the state, this phenomenon could also increase the difficulties to maintain and develop the welfare state, particularly in the context of progressive aging that the population has today.
This aging puts the sustainability of the pension system at risk and also demands more resources for the health system in the future and for dependency care, but they won't tell you that, this problem is not in the news or political mainstream. It is cementing a Monumental disaster.
People are leaving and to solve it a policy of subsidies, aid and grants that the current predominant ideological model in half the world likes so much, something that from the perspective of the left seems logical, it is normal, it is in its DNA to subsidize people. cost of debt considering that it is infinite but that it is also established by the rest of the political spectrum that calls itself liberal is a recipe for disaster.