NationThailand-May 14
High-income countries like the US, Canada and China are competing for labor by launching immigration schemes, providing high salaries and quality of life, to attract skilled workers from around the world. TechBehemoths revealed that Switzerland and the US pay the most for IT positions, with an average range of $100,000 to $120,000 per year. Some countries, such as Canada, provide work permits and sponsored visas for those willing to fill their personnel shortages. In Asia, Tokyo has the largest number of highly skilled overseas professionals, with 200,160 in 2023, an increase of over 160% from 75,144 in 2014, according to Japan’s Economy Minister. According to Talent Square Asia (2023), Southeast Asia countries are facing brain drain issues as highly skilled workers migrate to Singapore. Malaysia is one of the most affected countries in the region. Its brain drain rate stands at 5.5% of its population, significantly higher than the global average of 3.3% in 2023. When Malaysians sought better career opportunities abroad, Singapore emerged as their top destination, followed by Australia and the US. According to data from Indonesia’s Directorate General of Immigration, nearly 4,000 Indonesians became Singaporean citizens between 2019 to 2022. In April 2024, Indonesia announced that it might offer dual citizenship to attract overseas workers. Of the 350,000 international students in the region, 132,000 are Vietnamese. Indonesia and Malaysia both have 56,000, while Thailand has 32,000, according to Nikkei Asia (2024). Read more at: https://www.nationthailand.com/blogs/life/40038005
