American Economics Thread

[Blackstone]

But the trend isn't going to reverse under Trump, that means it will only get worse. So how is the US government going to reverse this brain drain is the key question? This requires a strong, intelligent, and enlightened leaders working together to get it done. I don't have a lot of faith in that.

Your statement is incorrect. The result of not reversing brain-attraction trend under Trump isn't it being worse, because it could flatline and stay the same. We're in accord on the rest of your message.

 

[Hendrik_2000]

I agree unskilled labor would decline, but I'm not so sure the immigration decline of educated or people with means would be worse under Trump than some other President. We'll still get the lion share of the world's best to immigrate (hooray!), but that growth was already flattening before Trump became President.
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But if you look at the composition of graduate program in STEM almost one third of the student body is Asian either Chinese or Indian. So the brain drain back to China is serious impediment for American industry to compete in more competitive environment.
In the long run it will erode the US primacy in technology.And if you at Chinese tech company most of the principal are sea turtle (ex US or western resident)

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Based on who’s in the advanced degree pipeline, it also seems unlikely that the relatively homogenous tech industry—made up largely of Asian and white Americans—will make much headway in racial and ethnic diversity, either. While the survey found that ethnic minorities have driven much of the growth in first-time graduate enrollment among U.S. citizens and permanent residents over the past decade, with year-to-year gains for minorities outpacing those of white students, minority graduate students were less likely than their Asian and white peers to enroll in STEM fields. Only 9% of all African American graduate students and 15.2% of all Hispanics and Latinos were enrolled in those four fields. By comparison, 18.4% of whites and 29.4% of Asians were studying in one of these fields.

 

[Equation]

Your statement is incorrect. The result of not reversing brain-attraction trend under Trump isn't it being worse, because it could flatline and stay the same. We're in accord on the rest of your message.

"IT COULD"? How and to what steps is Trump doing to ensure that? Nothing! That's why I stand to the claim that the brain drain trend will sustain till some one or some force CHANGE it.

Please show me the evidence. And your answer is.......?

So it's right to say it's down hill from here.

 

[Blackstone]

But if you look at the composition of graduate program in STEM almost one third of the student body is Asian either Chinese or Indian. So the brain drain back to China is serious impediment for American industry to compete in more competitive environment.
In the long run it will erode the US primacy in technology.And if you at Chinese tech company most of the principal are sea turtle (ex US or western resident)

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Based on who’s in the advanced degree pipeline, it also seems unlikely that the relatively homogenous tech industry—made up largely of Asian and white Americans—will make much headway in racial and ethnic diversity, either. While the survey found that ethnic minorities have driven much of the growth in first-time graduate enrollment among U.S. citizens and permanent residents over the past decade, with year-to-year gains for minorities outpacing those of white students, minority graduate students were less likely than their Asian and white peers to enroll in STEM fields. Only 9% of all African American graduate students and 15.2% of all Hispanics and Latinos were enrolled in those four fields. By comparison, 18.4% of whites and 29.4% of Asians were studying in one of these fields.

We're in agreement on your statement, but that wasn't the point Equation made in posts #337 and #340. He ascribed worsening brain-attraction to Trump, and I don't think he had sufficient data to make that claim, because US retention of science and technology students was already flattening before Trump took office, and there aren't enough new data to draw conclusions vis-a-vis Trump.

 

[Equation]

But if you look at the composition of graduate program in STEM almost one third of the student body is Asian either Chinese or Indian. So the brain drain back to China is serious impediment for American industry to compete in more competitive environment.
In the long run it will erode the US primacy in technology.And if you at Chinese tech company most of the principal are sea turtle (ex US or western resident)

Please, Log in or Register to view URLs content!

Based on who’s in the advanced degree pipeline, it also seems unlikely that the relatively homogenous tech industry—made up largely of Asian and white Americans—will make much headway in racial and ethnic diversity, either. While the survey found that ethnic minorities have driven much of the growth in first-time graduate enrollment among U.S. citizens and permanent residents over the past decade, with year-to-year gains for minorities outpacing those of white students, minority graduate students were less likely than their Asian and white peers to enroll in STEM fields. Only 9% of all African American graduate students and 15.2% of all Hispanics and Latinos were enrolled in those four fields. By comparison, 18.4% of whites and 29.4% of Asians were studying in one of these fields.

Not only that but it will erode the quality of those colleges if they can't attract enough quality Chinese professors to teach the future American students in the science and high tech field.

 

[Blackstone]

"IT COULD"? How and to what steps is Trump doing to ensure that? Nothing! That's why I stand to the claim that the brain drain trend will sustain till some one or some force CHANGE it.

Please show me the evidence. And your answer is.......?

So it's right to say it's down hill from here.

Again, there are other outcomes than "it's all downhill from here," such as things could stabilize and stay as is, or things may improve and we see more people with means immigrate to the US.

On Trump, I don't think he'll do anything substantive to harm keeping educated in the US, because he knows the advantage of retaining foreigners with science or technical degrees.

 

[Equation]

Again, there are other outcomes than "it's all downhill from here," such as things could stabilize and stay as is, or things may improve and we see more people with means immigrate to the US.

On Trump, I don't think he'll do anything substantive to harm keeping educated in the US, because he knows the advantage of retaining foreigners with science or technical degrees.

Yes the US is the exception to anything. All other countries are subjugated to a good criticism....history and facts be darn.

Where is the proof (anything) that says Trump "knows the advantage of retaining foreigners with science or technical degrees"? Remember that this is the guy that places a ban on certain Muslim countries from coming into the US. I doubt that would win lots of hearts and minds.

 

[Blackstone]

Not only that but it will erode the quality of those colleges if they can't attract enough quality Chinese professors to teach the future American students in the science and high tech field.

Well... I see an opportunity for the US. Xi Shi Huangdi is cracking down on large segments of the Chinese society, including the universities. Professors are told to toe the party line, guard what they say, beware of who they meet, and even attend Marxist classes. Reminds me a little of Qing Shi Huangdi's VIP treatment for scholars. The US could help Xi Jinping out by taking the dangerous and subversive professors with Western ideals off his hands. We could start with the technical and scientific fields and work our way from there. We'd take graduate students and PhD candidates too. A "win-win" solution.

 

[Equation]

Well... I see an opportunity for the US. Xi Shi Huangdi is cracking down on large segments of the Chinese society, including the universities. Professors are told to toe the party line, guard what they say, beware of who they meet, and even attend Marxist classes. Reminds me a little of Qing Shi Huangdi's VIP treatment for scholars. The US could help Xi Jinping out by taking the dangerous and subversive professors with Western ideals off his hands. We could start with the technical and scientific fields and work our way from there. We'd take graduate students and PhD candidates too. A "win-win" solution.

Or they could go to Taiwan...oh wait that government is far worse than "communism" or Trump. Sea Turtles flows from Western nations to Eastern coastal cities of China. No body wants to work for a bunch of ingrate haters.

 

[Blackstone]

One gets the sense Trump is less concerned with China dumping steel in the US than getting its help with the DPRK.

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President Trump has authorized Commerce Secretary Wilbur Ross to investigate U.S. imports on a national security basis.

The details: The investigations will be implemented under the 1962 Trade Expansion Act — a decades-old law that could impose penalties on improper imports, specifically steel, from certain countries, specifically China. These import penalties have

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since 1992, when the World Trade Organization was founded.

Why this matters: It's a significant step toward Trump's "America First" policy. China's overproduction of steel is also an issue for the economy, and imposing penalties on their imports could strain the US-China relationship, especially if done for the first time since 1992 and when Trump has relied on them for help with North Korea.

Keep reading 152 words
America First: Trump and his administration want to focus on increasing steel production in the US.

Ross said the increased military spending will go toward making things like aircrafts and Navy ships, which the administration wants to create primarily from US-produced steel. Although the military already prioritizes using domestic steel, Ross again brought up the point of increasing the US's capacity.

Why now: The administration has been looking at how China produces over 1 billion tons of steel, exporting over 100 million of those tons. The US is only using 71% of its capacity to make steel, and Trump's proposed budget "is going for increased military spending, and increased military spending inevitably will have an effect on steel."

What's next: The investigations, which have a 270-day window to be completed, are only just beginning, and Ross said the outcome "won't be to prohibit foreign import, but to change the price."