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this post was submitted on 02 Aug 2023
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Late Stage Capitalism
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It's another race to the bottom.
Right now the US has a monopoly on intelligence. If you're super smart, capable, and can create a $1bln buisness, you're probably going to move to the US, and the visas help support that.
Other countries want at least some people to come too, so they offer the same visa programs.
If no country offered work visas, these skills wouldn't get concentrated, and that's probably the better extreme.
The brain drain from non-Western nations is tragically real. Intelligent people will see more rewards in capitalist nations and relocate there to help themselves and their families. If capitalism didn’t produce such big inequality people would have less incentive to move there. Ideally we’d have intelligent people spread through the world and throughout many industries, but some jobs are rewarded better than others