Brain Drain In Lebanon

889 Words 4 Pages
Brain drain is a phenomenon where the few intellectual civilians abandon their nations, seeking greater opportunities to prosper upon. Lebanese intellectuals and skilled workers aspire to a better future; as a result, fewer experts stay behind to run business as usual. Brain drain results in a loss of the hope left for our country Lebanon to flourish. Brain drain in Lebanon is indeed extracting all the great minds with true potential in taking this country to a whole new level. Lack of proper education and job opportunities, insecurity and the absence of the implementations of the law are the causes that lead to the continuity of this phenomenon. Consequently, this results in decreasing the number of skilled workers and hindering economic growth …show more content…
In addition, poverty plays an important role in lack of education because if people live at the same level or below of poverty they wont be able to obtain a meaningful education. Lack of growth in the economy and foreign trade competition combine to restrict favorable employment possibilities to many. “Growth of the lower paid service sector decline in many well paid unionized industries moreover unemployment and underemployment remains high at 16 million failure of tens of thousands of small businesses real weekly income of workers declined by 10% millions of manufacturing jobs were lost in the past decade.” Business and government policies that eroded the growth and competitiveness of industry decline of small businesses. “Whether you move from an on premise platform to a mobile device or a virtual cloud environment, security has always been the biggest concern.” It is shocking news to hear when famous banks, financial institutes and large organizations are shutting down their businesses due to an unexpected system crash, security or virus …show more content…
So when, an incredible increase of wage happens this will automatically lead to a decrease in skilled workers. Most employers cannot simply raise prices to cover the higher minimum wage, particularly in the competitive service 's sector. And if they do increase prices, consumers will buy less or have less money to spend on other things, meaning fewer jobs. Moreover, if the minimum wage cuts into profits, there will be less capital investment and job growth will be slow. In addition, Industries experience cycles of economic growth and contraction based on many factors; these include the overall health of the markets, consumer preferences and even seemingly unrelated world news and

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