Chinese-origin tech workers are abandoning the American dream and returning home, where state-led incentives and ambition are plentiful.

cross-posted from: https://programming.dev/post/38000212

Chinese-origin tech workers are abandoning the American dream and returning home, where state-led incentives and ambition are plentiful.

  • Korkki@lemmy.mlEnglish
    32·
    1 day ago

    Brain drain from USA

    What’s left after that? Much of american economy as I understand it is based on being able to constantly suck up the capital and scientist from around the world to the Usa.

    • TheFeatureCreature@lemmy.caEnglish
      16·
      1 day ago

      The US has surrendered almost all of their manufacturing power and knowledge, absolutely kneecapped their education system(s), and stripped away most of its incentives and soft power projection. Trump certainly put the final nail in the coffin but the process has been ongoing for decades.

      The US doesn’t make anything and a lot of what it does make is bullshit like the entire corn industry. Much of the “value” in the US is speculative and, for lack of a better way of putting it, a complete and utter fantasy. As soon as that house of cards starts to become unstable and the world moves away from the USD then the US economy is going to implode so hard that it would make a black hole blush. They have less and less to bring to the table except their buying power and that is tumbling quickly as their wealth inequality shifts dramatically.

      And that’s before you even factor in the self-sabotage with things like the random tariffs every 15 minutes and constant threat of being arrested and thrown into a camp. There are companies in the US that have to do their business outside the US because they can’t feasibly import product into their own country. It really is difficult to express just how badly the US has backed themselves into a corner.

      • Korkki@lemmy.mlEnglish
        2·
        21 hours ago

        The US has surrendered almost all of their manufacturing power and knowledge

        Only high tier manufacturing can even compete in the US and that’s because that’s the only place where there are no or very little completion. Us manufacturing alone can only compete with total monopoly. Even then the degradation of manufacturing base makes things difficult and expensive. US science base is mostly there to try manufacturing new monopolies and not so much to serve the manufacturing industries. Failing that they can produce new patents and intellectual property that can then be leased to other companies in other countries and leaving US capital a cut from all the sectors and the their companies that use those patents.