10 years in academia, watching most the brightest head off overseas. Almost 20 years overseas, watching the brightest arrive, while working in brilliant teams consisting of 60+% foreign born workers for most of my career.
The IT sector for example is being filled by cheap Indian labor work force. One can argue the quality of work but the work is getting done.
Only for the bottom tiers of work. The more advanced work costs, even in India.
It will level out at some point. I’m sure there’s 1000s coming out of uni that will quickly fill those roles.
See my point above about the outflow of graduates leaving.
Strange though coz those that I know of that have left we’re never at the upper echelon of their respective field...
Almost everyone I know who has left has been in the upper echelons of their field. It probably depends on who you know.
At the end of the day, it's a zero sum game. If another country pays more, offers more stability, more career growth, more safety, more opportunity for your family, better infrastructure, etc., skilled people will tend to head in that direction, while very few people move in the opposite direction (not to say that it doesn't happen - people have different priorities).