By John Galt
September 16, 2011 – 05:00 ET
When an economy collapses, those that can escape what appears to be a once in a generation long term depression tend to flee. This holds true in the nation of Ireland where the government Central Statistics Office (CSO) released information showing that 110 Irish citizens per day are emigrating from the troubled Irish nation. The majority of the citizens fleeing are in the 25 to 44 year old age group; the future engineers, entrepreneurs, and labor which would help to lead Ireland out of the current economic morass. This increase in emigration is a reflection of the severity of the downturn as in 2009 only 18,400 were estimated to have left, in 2010 approximately 27,700 and this year calculations are for over 40,000.
As a nation’s financial system becomes a basket case and economic growth is nothing but a distant memory, those with the capacity to leave a nation, any nation including the U.S., do so for the purpose of earning a living or self-preservation. The statistics should not come as a shock to anyone who reviews history, but for modern societies like those in Europe and the United States the idea of young professionals, the meat and potatoes so to speak of any future economic recovery, departing like this is unheard of. To prove this point, the majority of the emigres are not heading to any of the E.U. nations or the U.S. but to other countries with better potential for earning a living. Of the 40,000 plus leaving this year, just 4,400 are projected to head for the United States.
While the domestic mainstream media will never report on the data for the U.S. as a major news story, a study of those willing mobile professionals would probably reveal that those members in our society are copying the actions of their Irish counterparts. And who can blame them? Our political system has gone from dysfunctional to totally corrupt, economic stagnation appears to be the forecast for the next decade, and entrepreneurship is punished via massive taxation and regulation if not viewed with outright disdain by elites of our society. In Ireland the recovery has been predicated on signing their souls over to the English banksters and European Union guaranteeing a sustained period of excessive taxation and horrible economic growth thus limiting profit potential in that nation.
Information for this entry and the statistical information was extracted from the Irish CSO data release and the story at the link below from TheJournal.ie published yesterday:
[...] As Ireland collapses, 25-44 year olds flee the nation [...]