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FLT8 | 1 year ago

This reminds of the corporate adage: "You can choose to invest in your people and run the risk that they leave, or you can choose not to invest in your people and run the risk that they stay".

It seems to me that the smartest people would be far more motivated to leave a country where they are unable to find other people like themselves to collaborate with.

And they'd be far more likely to come back in future and reinvest their overseas earnings in a country that they felt warmth towards than one that had forced them to play life in hard mode and was actively hostile towards them.

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fuzztester|1 year ago

>This reminds of the corporate adage: "You can choose to invest in your people and run the risk that they leave, or you can choose not to invest in your people and run the risk that they stay".

Yes. I've seen it like this in a LinkedIn post:

CFO to CEO: What if we train our people, and they leave?

CEO to CFO: What if we don't train them, and they stay?

vondur|1 year ago

My wife worked for a company that really trained their sales people. However, they also payed very poorly compared to their peers. So people would get trained stay for a year and then go to another company that was happy to such well trained employees and pay them better.

MichaelZuo|1 year ago

There’s another option, spend huge amounts to hire the very best and don’t provide any training.

That’s what the top end hedge funds do with seven figure starting compensation.

tsimionescu|1 year ago

> And they'd be far more likely to come back in future and reinvest their overseas earnings in a country that they felt warmth towards than one that had forced them to play life in hard mode and was actively hostile towards them.

A country can't live off a few expats making it big. It doesn't need investors so much as it needs doctors, good administrators, good managers, good financiers, good builders, good plumbers and so on.

Sure, this requires money, but just coming in and throwing money at a country dominated by idiots won't make anything better, it will just lead to corruption. Idiots in positions of power actively discourage better people coming in even more so than a lack of resources. It's one thing to take a low paying job to hope to improve conditions for your parents and extended family. It's another thing to fight with a boss who has no idea what they're doing but still thinks they're better than you every single day. Plus idiotic regulations from others like him in other places of the administrative state.