Australia guts Bhutan for international student slaves

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Once again, Albo’s maniac immigration push is exposed as immoral:

…when the ABC was granted rare entry into Bhutan, it found a nation losing a high proportion of people, mainly to Australia.

Those exiting are mostly educated and leaving professional jobs in Bhutan for blue-collar work. They say the lack of opportunities and reluctance to open up the country are leaving them without hope for the future.

Bhutan’s Prime Minister Lotay Tshering has acknowledged successive governments may have failed these people and, with such growing discontent, it has put the country’s happiness philosophy into question.

“The main reason I think a lot of people are leaving is because they don’t think that they have the ability or the opportunity to live a satisfied, content life in Bhutan and they feel that they need to be abroad to get that.

…He says, “everyone’s currently going to Australia”.

Since June last year, 1.4 per cent of Bhutan’s population has been granted a visa to go to Australia — a huge proportion that’s growing, in a country of just 760,000 people.

Unemployment is driving young people out of Bhutan, but the fear for the government is the level of educated professionals migrating to Australia to work in domestic jobs.

The country lost more than 800 civil servants and several doctors last year, leading to a shortage.

Yes, but they added to Australian vibrancy which should be registered as a happiness export in Bhutan and lift Gross Domestic Happiness accordingly.

More seriously, Bhutan has no hope of development as the Wokestralian parasite feasts upon its youngest and most educated people.

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The economic literature on this brain drain phenomenon is pretty clear. Small countries like Bhutan tend to be much worse off while larger nations with more human capital can benefit marginally:

Using new data on emigration rates by education level, we examine the impact of brain drain migration on human capital formation in developing countries. We find evidence of a positive effect of skilled migration prospects on gross human capital formation in a cross‐section of 127 countries. For each country of the sample we then estimate the net effect of the brain drain using counterfactual simulations. Countries combining relatively low levels of human capital and low emigration rates are shown to experience a ‘beneficial brain drain’, and conversely, there are more losers than winners, and the former tend to lose relatively more than what the latter gain.

What Bhutan can expect to enjoy is rising remittances from Australia because these international students are, in truth, anything but an Australian export. They are Australian slave labour and send home what money they can earn.

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This turns the emerging market into little more than a welfare state dependent on private foreign aid while guaranteeing it remains stupid and backward, as seen above.

The remittances are unlikely to be large, especially if they work for a fellow migrant:

The Cheesecake Shop is one of the country’s most well-known cake bakeries.

But now four former workers from one store have alleged they have been underpaid more than a million dollars.

Fahad Ameer is one of those workers seeking back pay through the courts. He worked at the Salisbury Cheesecake Shop in Adelaide’s northern suburbs from 2015 to 2021, when it was under previous management.

“So normally six days a week from 8:30 to 7pm,” he told 7.30.

“We were being paid $140 for a day.

Mr Ameer said he made dozens of cakes each day. A cheesecake sells for just over $30.

Josh Peak from the retail workers union, the SDA, alleges Mr Ameer and the three other workers were paid less than half that per hour.

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For Australia, this is a negative as well. Given the well-known problems of quantitative peopling including wage theft, labour supply shocks, disproducivity, capital shallowing, housing shortages etc.

Once again, the fake left caucus of the AlboGreens is exposed as the useful idiots of a system that trashes everybody in support of inefficient, slave-driving businesses and property developers.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.