How does it affect the Argentine economy

One of the biggest concerns that Latin American countries face is the constant attrition of talent Towards more developed countries in order to have better opportunities for professional and personal growth.

There is no doubt that the epidemic caused various problems that exacerbated the crisis that many countries were experiencing, and therefore the issue of brain drain is gaining more importance. A large number of the unemployed, many of whom are dissatisfied with their income and quality of life, set their sights on Europe and North America.

The UK recently introduced its “Social Mobility Scale 2021”, which provides residents’ perceptions of the impact of the pandemic, who has suffered, and what government and other bodies should do.

According to the survey, more than half (56%) consider the epidemic to have increased social inequality; 55% of adults say it had a greater impact on mental health; Four out of five adults (79%) feel there is a significant gap between the different social classes; Only one in four (25%) people from black and ethnic minorities believe they live in a just society.

The possibility of social mobility is one of the main reasons for going to another country

In turn, more and more people believe that employers should take measures to improve social mobility. This perception is likely to be repeated in other regions of the planet, But the survey reveals that it is a very noticeable problem in Latin America.

The main reason why local talents choose other countries to migrate is the possibility of social mobility or opportunities for people to change their status and upgrade the social and economic structure.

This concept essentially measures equal opportunity in society, which means that it attempts to estimate how many generations it would take for a low-income family to reach the average income.

According to the “Social Mobility Report” for 2020, prepared by the World Economic Forum, The country with the best indicator is Denmark, followed by Norway and Finland. The United States is at number 27 and Spain is at number 28.

According to ILO figures, Latin America and the Caribbean set a historical record with more than 41 million unemployed people, as a result of the pandemic.

In Latin America, the first country to be found on the list is Uruguay ranked 35th, followed by Costa Rica (44), Chile (51), Ecuador (57), Mexico (58), Panama (63), Colombia (65), and Peru (66), among the best.

This social mobility rating was compiled taking into account several indicators such as income and level of education; Health care, access to technology, job opportunities, and fair wages.

According to David McKenzie, chief economist at the Development Research Group, Private Sector Development and Finance Unit at the World Bank (WB), the brain drain, in global numbers, is on the rise. The submitted report reveals that the number of immigrants from our region to the north rose from 14 million in 1960 to 60 million in 2000.

Talent drain and its reality in Latin America

According to a study by the World Bank, More than 30 million Latin Americans live outside their country of origin. This represents 5.2% of the population and in the Caribbean more than 70% of qualified professionals migrate in search of better opportunities.

Argentina tops the ranking of immigrants in Latin America

List of countries in the region with the largest number of immigrants It is led by Argentina, Venezuela, Mexico, Brazil, Costa Rica, Dominican Republic, Ecuador, Chile, Paraguay and Bolivia. Most of these immigrant talents, on average 90%, seek higher income Organization for Economic Co-operation and Development (OECD) countries as their final destination.

It is important to remember that the countries that make up the OECD are: Germany, Australia, Austria, Belgium, Canada, Chile, Colombia, Costa Rica, Republic of South Korea, Czech Republic, Denmark, Slovak Republic, Slovenia, Spain, United States. Countries, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Lithuania, Luxembourg, Latvia, Mexico, Norway, New Zealand, Netherlands, Poland, Portugal, United Kingdom, Sweden, Switzerland, and Turkey. One of the main reasons why the number of talent flight tends to increase in this era of the pandemic is the level of unemployment it has boosted.

According to the International Labor Organization (ILO), Latin America and the Caribbean Recording a historic record of more than 41 million unemployed people in the wake of the epidemic. Another important piece of information reported by the International Labor Organization is that Chile, Brazil, Mexico and Colombia are the hardest-hit countries in the region, according to an article on Estrategiaynegocios.net.