I'd say there's brain drain even if the workers stay at their country, working remotely for US companies.

The most qualified people around me on previous jobs moved to US, Europe or are working remotely (myself included).

It's sad because it increases the difficulty of local companies to grow a good team, continuing the cycle.

You’re 100% correct and it is why I’m generally very bullish on America despite the gloom and doom on the right and late stage capitalists on the left. It’s the competitive advantage of being a nation bound by ideas and common purpose than a monarch or ethnicity or religion.

As someone who grew up in Ohio, went to an Ivy, and left the US (but working remotely when I come across interesting projects for companies), I want to offer a different perspective.

>It’s the competitive advantage of being a nation bound by ideas and common purpose than a monarch or ethnicity or religion.

I think the US has become very ossified in this belief (which people fool themselves that the nature of this belief is any different from any other belief), you can see global capital flight to (parts of) the US and brain drain into the US, but in market speak, its a crowded trade, driven out of fear of the current downsides and not future upsides. However the nature of crowded trades is that they have the most tail risk, that some people (like me) cannot stomach.

I'm of the mind that things will get more complicated soon within the next year (well at least for those who have been oblivious all along despite the warning signs), and that people will start to realize that value can be found anywhere if those are willing to seek it out, though it may not be as simple as what we are used to and have come to expect.

It’s a flight to safety for trillions of sovereign funds, amidst worldwide recession (except US) and emerging market collapse. Plenty of future upsides for US, since all the capital is there.