The Costs of a Brexit Brain Drain
Mass emigrations of skilled workers have always been a byproduct of broader ideological and political struggles, and the looming departure of talent from the United Kingdom is no different. But never before has an established democracy experienced a catastrophic loss of human capital during a period of peace and prosperity.
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MILAN – Should the United Kingdom go through with its withdrawal from the European Union, one of the most severe unintended consequences will probably be the exodus of a significant share of top professionals from London. In fact, Paris, Frankfurt, Dublin, Amsterdam, and other cities on the Old Continent are already competing to attract UK-based bankers, doctors, architects, and academics.