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PaperclipPerfector  1mo ago (text post)   2320 thread views

Small-Scale Question Sunday for October 13, 2024

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I know people say the Japanese don’t really want to emigrate but from what I understand a lot of young Japanese are pretty unhappy. The quality of their English education is just extremely bad. If Japanese teenagers spoke English as well as Swedish teenagers do, I bet emigration to the West of young professionals would be much much higher.

Living in a shithole has its advantages. Mainly that competition is a joke.

In America, a Stanford Economics PhD working at the fed is at best a lackey at a Trading Desk. In countries like Colombia, if you have any PhD and work at the central bank, you have real shot at running the printing press.

Now tell me who is more badass. Or influential.

Another example, here in Chile I know a radiologist who moved to the states. Earned real bank there. Strangely returned within a year. His reason?

"I feel richer here"

Actually a relative of mine married a Cornell Economics PhD and moved back with him to South Africa where he rose to be deputy governor of the South African Reserve Bank and supposedly only wasn't appointed governor because of his wife's opposition to apartheid.

It’s true that if you come back to Ghana with your Stanford Econ PhD then they may well give you a job at the central bank, but it’s also true that if you’re the kind of Ghanaian wealthy enough to go through 10+ years of tertiary education in the US you’re probably pretty well connected in the local ruling class anyway.

In many ways it’s nicer being a developing country PMC making $100k a year than an American making $400k a year. You have (more) servants, the cost of living is low etc. But a big reason people return is the same regardless of wealth, which is that home is home and people like being surrounded by friends and family in the community they grew up in, whereas life as a foreigner (even a wealthy one) involves a baseline higher level of mental stress because of the unfamiliar environment.

if you’re the kind of Ghanaian wealthy enough to go through 10+ years of tertiary education in the US

Yes a lot of such cases are already local elites, but not at all. Scholarships can do wonders in this category if you were a bit savvy as a teenager (or your parents were)

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