13702237:roddy116 said:
Ok thats fair enough with the japan thing. However i will say that is more favorable towards westerners, just from my own experience.
And again work and visa is something that should be left up to a country.
However, why would the fact that Britain leaving the EU effect their global power, since when should the EU have any affect on global politics whatsoever? IMO that just goes to show that the EU is overstepping boundaries and is ultimately doing more bad than good in europe, and its mainly just people focusing on the pointless leisures that if taken away will not affect their life in more than 1 or 2 extra minutes crossing a border.
Also, lets be real, being racist is like calling someone a fascist or a bigot, their arent many racist people in the westernized world anymore, and the word holds no meaning at this point because its used as much as bigot, which is also a pointless buzz word.
Well, losing out on that freedom of movement will greatly affect both worker quality and quantity in the country resulting in a potential loss in GDP and taxes. These effects are not immediate, nor will they likely be seen in the next year. It will take ~3-5 years before the affects will be seen. But it will happen. Check out that 538 article about Finance and London. They mention some of the potential effects it can have on the economy.
How much do you know about global trade, the EU, and UK? With the UK leaving the EU, they are leaving the largest or second largest economy (depending what source you use), and with it, a global economic and political power.
Now, the UK is effectively a small, isolated island, without a single resource, traded good, or export that is imperative to the world economy. As a result, when they come to the table to bargain for trade deals or the like, they will have little to bargain with. The EU, US, China, and EM markets can look at the UK and dictate the terms of the conversation.
The same can be said for political conversations. The UK is no longer a military power (that is not to say they are weak), but they do not have the same amount of resources that the combined EU does. The UK now has little to no say in regards to European affairs, be it domestic or international. Yes, they can do what they want now, but their actions do not carry the weight they would have if they were part of the EU. What makes the EU so "powerful", is their size. As they say, power in numbers. The EU can now make decisions that will affect the majority of Europe, and the UK has little to no say.
It is not just "pointless leisurely travel", it is the free movement of labor.
Let us look at a hypothetical situation here involving the US. It won't be a PERFECT example as one doesn't hold state citizenship, but let us pretend we all do.
Imagine you personally are born and raised in California, the state with the largest economy in the US, and work in the
oil industry. You know that there are great jobs in CA (just pretend OK?), but the big money is in Texas (arguably the best places to work for Oil). You could, theoretically, leave for Dallas tomorrow with zero problem, find a job, and get to work with little to no paperwork. Now, imagine Texas secedes from the US and becomes a standalone country. Now, your American citizenship is worthless for working papers because you were born in California. As a result, you have to leave Texas and return to CA. You're not alone either, and many of your coworkers have to leave their jobs.
What is going to happen to the Texan oil industry? They are going to lose tons of talented labor, which in turn results in a contraction of both exports and taxes, as companies struggle to replace the labor and subsequently associated output.
This leaves these companies with a few options but not limited to:
1st. Hire more Texans--> Great idea, but not all are as good workers as you and your former coworkers
2nd. Attempt to rehire those workers who left-->Great idea, but working visas are extremely annoying to get
3rd. Move to a new state-->Great idea, but this involves lots of CapEx so it is costly.
Regardless, Texas is going to see a contraction in its economy because it is losing workers and output. The same is going to happen to the UK. This is why free movement of labor is so important. The best workers will search out the best options for them, and everyone will benefit. Unfortunately, by leaving the EU, UK companies now face greater barriers to attracting the best talent.