Friday, March 19, 2010

American Brain Damage.........No We're Not Talking About Chris Dodd

Meanwhile, the real jobs -- or at least the people that we need to employ -- are fleeing the U.S. In recent years, foreign students snagged 60% of engineering doctorates in the United States. If you widen the pool to doctorates in engineering, mathematics, computer science, physics and economics, foreigners still account for 50%...
There was a time when these students exited the academy and stayed stateside. No more. “The United States may be experiencing the first brain drain in its history,” Vivek Wadhwa, a professor at Duke told us.
In 2009, Wadhwa was among four researchers from Duke, Harvard and Berkeley who compiled a survey of more than 1,200 foreign-born students for the Kauffman Foundation. The number of Chinese who plan to stay is now just 54%, while the number of Indians who expect to remain is 58%.
What’s more, only 7% of Chinese students surveyed and 25% of Indian students believed the American economy’s best days still lay ahead. But overwhelming majorities of both Indian and Chinese students believed their home country’s best days still lay ahead.

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