YouTube: https://youtu.be/d8XLwDbE-oU
People aware of the plans of the Biden administration indicate the administration now seeks to benefit and capitalize on Russia’s ‘brain drain,’ or the plans of Russia’s most highly skilled and educated works to emigrate from the country.
The US plan would seek to relax entry, or visa requirements, of those individuals from Russia who have obtained advance degrees in the fields of math, technology, science, or engineering – ‘STEM’ fields.
Generally, the US under Biden seeks to increases its base of individuals with expertise and knowledge in mission critical fields such as artificial intelligence, semiconductor design and manufacturing, cybersecurity, advanced manufacturing processes, and technologies related to space and exploration.
The administration proposes to implement the strategy over the next four years and expects long term benefit to the US economy.
This proposal seeks to add weight to the effect of the latest US sanctions on Russia that include cutting Russia’s access to systems of international payments, limiting or eliminating transactions with the central bank of Russia, and onerous trade restrictions.
Experts predict sanctions such as these will slash the Russian economy by 15% and setback Russia’s economy by 15 years.
They also predict Russia’s receding economy and brain drain will contribute to Russia’s declining population base and its demographic decline.
According to one Russian source, between 50,000 to 70,000 tech employees already have deserted the country since Russia’s Ukraine invasion. This negatively affects Russia’s economy.
Additionally, some experts maintain the economic impact of the brain-drain, along with the effects of the pandemic and global sanctions, will likely compound Russia's declining demographic situation by lowering birth rates as people opt not to have more children owing to economic hardship.
According to independent demographers, the effects of Russia's potential impending economic collapse will begin to be felt early next year, with the total fertility rate plummeting 10% in the next two years. Generally, Russia’s fertility figures remain at a low rate of 1.5 children born per woman with demographers agreeing that for a population to expand, this figure should be around 2.1.
