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The New Coffee Room

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  3. $3.8 Billion for Global Talent

$3.8 Billion for Global Talent

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  • AxtremusA Away
    AxtremusA Away
    Axtremus
    wrote on last edited by
    #1

    https://www.cnn.com/2022/10/19/business/hong-kong-business-investment-covid-reopening-intl-hnk/index.html

    Facing brain drain, Hong Kong plans $3.8 billion 'trawl' for global talent

    Hong Kong reportedly lost 140,000 workers in the last two years.

    I am skeptical that $3.8 billion will be enough to compensate for the risk or fear that the CCP can and very likely will change the rules for Hong Kong at anytime.

    1 Reply Last reply
    • Doctor PhibesD Offline
      Doctor PhibesD Offline
      Doctor Phibes
      wrote on last edited by
      #2

      You'd either have to be very brave or very naive to want to emigrate to HK at this point.

      I was only joking

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #3

        They could go after all of those tech workers that just left Chinese chip companies to maintain US citizenship…

        The Brad

        1 Reply Last reply
        • taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote on last edited by
          #4

          You may get people at the end of their careers who can put up with couple of years of a repressive situation for (maybe) good money.

          Or, potentially people from underdeveloped countries that see this as a significant "upgrade" from their current situation.

          Doctor PhibesD 1 Reply Last reply
          • MikM Offline
            MikM Offline
            Mik
            wrote on last edited by
            #5

            What about when the CCP closes the borders to exit by those folks.

            "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

            1 Reply Last reply
            • taiwan_girlT taiwan_girl

              You may get people at the end of their careers who can put up with couple of years of a repressive situation for (maybe) good money.

              Or, potentially people from underdeveloped countries that see this as a significant "upgrade" from their current situation.

              Doctor PhibesD Offline
              Doctor PhibesD Offline
              Doctor Phibes
              wrote on last edited by
              #6

              @taiwan_girl said in $3.8 Billion for Global Talent:

              You may get people at the end of their careers who can put up with couple of years of a repressive situation for (maybe) good money.

              I know people who've made a small fortune working in Saudi, but I think this would be different - you'd constantly be looking over your shoulder. And I doubt Hong Kong can pay as well as the Saudi's do.

              I was only joking

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