Comment by ixtli
8 hours ago
I believe the opposite is happening in China. I saw an article the other day ( https://fortune.com/2026/01/14/china-graduates-1-3-million-e... ) that showed how the amount of engineers being produced there is orders of magnitude greater than the US. Way above what you'd expect given the different sizes of population. Now, i realize an engineer isn't the same as a PhD but i think we're seeing a dramatic brain drain happening in the west.
I’m not a PhD, just an engineer and I moved out of The Netherlands. It was no longer economical feasible to live there. I am very pessimistic about the future Western Europe. Right now it offers the one of the best QoL in the world for the average worker but who knows for how long. With the current brain and wealth drain there will no longer be enough people to support the social system.
Right now I'm not sure there is a country where young people are generally satisfied and optimistic about their future. America is a mess, Europe is generally a mess, China is struggling with too many grads who aren't able to find jobs matching their qualifications... From what I've heard things aren't exactly great in India either.
Every country has its problems.
Australians will complain a lot but honestly the future is very bright. Higher exports than imports, government debt isn’t completely out of line and it’s not going exponential like some regions, it has European like public services, a median wealth 2.5x that of the USA, good employment figures.
It’s not perfect but i still think it’s pretty good.
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Where did you move? I understand you're retired: that changes the situation somewhat.
When I lived in Amsterdam, we were renting a flat. The gentleman we were renting from told us our rent easily covers all his expenses in South East Asia.
Spain. And I have to apologise, I call myself retired but in reality I'm just unemployed. It's more of a year long sabbatical, but I jokingly call it retirement since I moved to Spain and many Dutch people do so for retirement. I'm planning on setting up a company here.
Spain isn't great for being employed or freelance (autonomo) but if you set up a limited liability company (SL) and work from there it is not that bad. Tax on investments are averagely taxed compared to other countries.
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Sorry to hear you got priced out :( Unfortunately i am also quite pessimistic about the future of europe and the us, too.
The Netherlands is taking action against the brain drain by rapidly importing highly skilled migrants through various tax lowering schemes in the first five years of living here.
However plenty of those people leave after that period. Especially with the upcoming 36% unrealized capital gains tax on all your savings and investments.
Feels a bit like ISPs giving discounts to new customers only.
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But why did you left if you had a great QoL?
Because I was able to get a better QoL elsewhere in the EU.
The average worker in The Netherlands has one of the best QoL compared to average workers in other countries. But the Dutch income leveling and benefit system makes it so a high earner doesn’t have a significantly better QoL. Someone earning €30k has roughly the same spending power as someone earning €50k. (edit: net income after tax and benefits is €42k versus €47k for those two incomes but the person earning €30k has access to cheaper government housing)
In other countries, earning more gives you a better QoL.
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Yeah, I was chatting with a friend living in Spain once, and ascending the ladder in responsibility didn't make sense, as whatever salary increase he got would be heavily taxed, and it didn't make sense to bear much more responsibility for just a little bit of extra money a year.
As you say, avg workers are "fine" there, but for anyone trying to standout or grow in their career, they will hit an income ceiling very fast due to the high taxation, so it doesn't make sense to keep on growing as you are not properly rewarded for it.
The Netherlands had effectively full employment until a few years ago, last I checked.
Unless things got dramatically worse in the past 3 or so years, I think you are massively overreacting.
I happen to have a few personal friends that live there, for that matter.
I left mainly because of housing prices, the difficulty of being a freelancer, the 49.5% income tax after €78k, the 36% unrealized capital gains tax and just everything in life like supermarkets or public transport being so much more expensive than other European countries.
I took a big pay cut moving to Southern Europe, but post-tax I earn the same and everything is just so much cheaper. I honestly have a significant better life here. Good weather too.
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There was an interesting Freakonomics podcast a few months back that pointed out an interesting divide in how the US and China thinks about its leaders[0].
Even Trump:
Very interesting take and I think insightful on why the US is the way it is today and sidesteps the democracy vs autocracy debate.
[0] https://freakonomics.com/podcast/china-is-run-by-engineers-a...
The episode was based on the book Breakneck: China's Quest to Engineer the Future by Dan Wang (Amazon: China's Quest to Engineer the Future)
Very interesting read, with a lot more depth and details to this short (but accurate) summary.
Not just lawyerly society, special kind of asshole lawyer, as he was a protégé of Roy Cohn.
Supposedly Roy Cohn was startled by how easily he was discarded when he wasn’t useful anymore. Makes me wonder who will be the next in line with the knife.
And since China cracked down on the tech industry there aren't enough jobs for those new STEM graduates, so many are stuck doing gig work: https://asiasociety.org/policy-institute/19-percent-revisite... .
It is because China has a meritocratic system.
Maybe. I would like to think that is true but i don't have much evidence.
I think what we can see provably is that China is investing in the development of STEM contributors at the primary school level through advanced degrees and the central government is directing the economy to spend huge amounts on the work that they do.
I'm very curious about this because even tho we need to preserve democracy, some elements of meritocracy also seem needed. Obviously as Xi's latest purges show, there is some politics to it as well, but China does seem to do a fairly good job of meritocracy in the bureaucracy.