How does it affect the Argentine economy?

One of the biggest concerns in Latin American countries is the continued loss of talent. Towards more developed countries for better opportunities for professional and personal growth.

There is no doubt that the epidemic has caused many problems, which have been exacerbated by the crisis that many countries are going through, which is why the brain drain is increasingly important. A large proportion of the unemployed, many of whom are dissatisfied with their income and quality of life, are turning their attention to Europe and North America.

The UK recently introduced the 2021 Social Mobility Scale, which gives residents an idea of ​​the impact of the pandemic, who has suffered and what the government and other bodies should do.

According to the survey, more than half (56%) see the epidemic as an increase in social inequality; 55% of adults say it has had a greater impact on mental health. Four out of five adults (79%) feel there is a large gap between different sectors of society. Only one in four (25%) of racial and ethnic minorities believes they live in a just society.

More and more people, for their part, believe that employers should take steps to improve social mobility. This perception is likely to be replicated in other parts of the planet, But the survey reveals that it is a notorious problem in Latin America.

The main reason why local talent choose other countries to relocate is the potential for social mobility or the ability of people to change their status and improve their social and economic fabric.

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

According to the 2020 Social Mobility Report from the World Economic Forum The best indicator is Denmark, followed by Norway and Finland. The United States ranks 27th and Spain 28th.

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

In Latin America, the first country 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).

This classification of social mobility was developed taking into account a series of indicators, such as income and level of education; Health care, access to technology, job opportunities, and fair wages.

According to David McKenzie, chief economist in the Development Cooperation Group at the World Bank’s Private Sector Finance and Development Unit, the brain drain is increasing globally. According to the report, the number of immigrants to the north of our region increased from 14 million in 1960 to 60 million in 2000.

Talent and its reality in Latin America

According to a study conducted by the World Bank More than 30 million Hispanics live outside their countries of origin. This represents 5.2% of the population and in the Caribbean more than 70% of qualified professionals travel in search of a better opportunity.

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 capacities, with an average of 90%, seek high-income 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 kingdom. 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 the talent pool is growing in this era of the pandemic is rising unemployment.

According to the International Labor Organization (ILO), Latin America and the Caribbean Historical record of more than 41 million unemployed Post-pandemic. 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 by Estrategiaynegocios.net.