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Australia's brain drain is 'now in full force', and nobody wants to come here; FAO Sydneyite.
Topic Started: 17 Sep 2015, 09:40 AM (3,172 Views)
John Frum
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Hmm, following on from my own scorching indictment of our local I.T. culture here on APF, where I cited the mounting despair of local luminaries such as Atlassian's co-founder Mike Cannon-Brookes, here's the CEO of one of Australia's biggest startups putting the boot in with some anecdotes of his own:

http://www.businessinsider.com.au/matt-barrie-australian-brain-drain-is-now-in-full-force-and-nobody-wants-to-come-here-2015-9

It's an epic rant, but here's a snippet for the tl;dr mob:

Quote:
 
Barrie says he was told by a senior tech recruiter in California recently: “Nobody in Silicon Valley wants to come to Australia anymore. We used to get a few wanting to come over for a lifestyle choice. Now they don’t even want to do that anymore. I would love to help you but we just turned (another billion dollar Australian tech company down). We looked at a split role for another company half in Australia, half in the U.S., and nobody even wanted that. I’m sorry we just won’t even consider a position in Australia.”


Bu bu bu bu ... surely the weather! The lifestyle! The luxurious million dollar flea pits!

Surely the rest of the world is clamoring to come here, like those desparate refugees that fill our screens every night, to raise our productivity through the roof!

Well, no actually. In fact it looks like we're devolving to an emerging economy:

http://m.smh.com.au/business/markets/australia-acting-like-an-emerging-market-says-ubs-20150916-gjnn3e.html
Edited by John Frum, 17 Sep 2015, 09:43 AM.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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Will
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I consider that we are not much of an IT country, and to be honest that doesn't actually matter that much.

Every country on this earth doesn't need to do IT well. As long as we have other useful and productive industries, and also a good society to live in.

I have an IT degree myself, but never found success in it. I'm now an aircraft mechanic, and really I wouldn't even consider working in IT again. I much prefer what I do now.
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Loki
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John Frum
17 Sep 2015, 09:40 AM
Hmm, following on from my own scorching indictment of our local I.T. culture here on APF, where I cited the mounting despair of local luminaries such as Atlassian's co-founder Mike Cannon-Brookes, here's the CEO of one of Australia's biggest startups putting the boot in with some anecdotes of his own:
http://www.businessinsider.com.au/matt-barrie-australian-brain-drain-is-now-in-full-force-and-nobody-wants-to-come-here-2015-9
How about yourself Frummy? Thinking of heading over the pond?

Or war-chest at the ready for an emerald mansion here?
Quote:
 
Surely the rest of the world is clamoring to come here, like those desparate refugees that fill our screens every night, to raise our productivity through the roof!
Well, no actually. In fact it looks like we're devolving to an emerging economy:
http://m.smh.com.au/business/markets/australia-acting-like-an-emerging-market-says-ubs-20150916-gjnn3e.html
Actually that process started 18 years ago. Now it is coming to it's full fruition. The Apes Legacy.


“Talk sense to a fool and he calls you foolish.” - Euripides
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deluded
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Sorry, I couldn't understand the article. Could someone please explain it in simple terms?
Real Trump News -- Real Climate Science News -- Real Democrat Party News
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lulldapull
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deluded
17 Sep 2015, 03:51 PM
Sorry, I couldn't understand the article. Could someone please explain it in simple terms?
It means that IT people here are already on low dollars, and will go even lower.
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peter fraser
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John Frum
17 Sep 2015, 09:40 AM
Hmm, following on from my own scorching indictment of our local I.T. culture here on APF, where I cited the mounting despair of local luminaries such as Atlassian's co-founder Mike Cannon-Brookes, here's the CEO of one of Australia's biggest startups putting the boot in with some anecdotes of his own:

http://www.businessinsider.com.au/matt-barrie-australian-brain-drain-is-now-in-full-force-and-nobody-wants-to-come-here-2015-9

It's an epic rant, but here's a snippet for the tl;dr mob:




Bu bu bu bu ... surely the weather! The lifestyle! The luxurious million dollar flea pits!

Surely the rest of the world is clamoring to come here, like those desparate refugees that fill our screens every night, to raise our productivity through the roof!

Well, no actually. In fact it looks like we're devolving to an emerging economy:

http://m.smh.com.au/business/markets/australia-acting-like-an-emerging-market-says-ubs-20150916-gjnn3e.html

We used to get a few wanting to come over for a lifestyle choice

John it's just a few. I've got family in IT who came back from London where he was earning a whole lot more, so I'm aware of the pay difference. London, USA, and parts of Europe pay better than Australia, but the competition for those jobs is a lot tougher as well.

I really don't think that the thousands who do want to come here are in IT, but whatever their skills are they need accommodation, food, clothes, furniture, entertainment, etc etc and those are consumption items that create more jobs. This country won't fall apart if we outsourced more IT work abroad.
Edited by peter fraser, 17 Sep 2015, 05:51 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Sydneyite
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Meh. "Brain drain" - ie professionals leaving Australia for more $$$ and more opportunity overseas has been an ongoing and well know issue since the 70's at least. Nothing new there. Also there was hardly in the past a great flow of people from Silicon Valley to here (which if you read it the article even states!) - it's always been the opposite in my experience. I should know - lived and worked over there for a while myself!
For Aussie property bears, "denial", is not just a long river in North Africa.....
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The Whole Truth
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Sydneyite
17 Sep 2015, 05:56 PM
has been an ongoing and well know issue since the 70's at least. Nothing new there.
Yes true sydney skite, all the bright ones have been poached. It's why your still here.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Sydneyite
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The Whole Truth
17 Sep 2015, 06:22 PM
Yes true sydney skite, all the bright ones have been poached. It's why your still here.
Hah! Funny coming from the guy that has proven multiple times he can't even do the basic maths required to calculate an investment return! :re:

http://australianpropertyforum.com/single/?p=8577636&t=10359039
Edited by Sydneyite, 17 Sep 2015, 07:50 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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The Whole Truth
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Posted Image

The maths police, they live inside every thread
The maths police, they come to me in my bed
The maths police, they're coming to remind me, oh, no

.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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