The Nursing Trap

Giving words to what we already know, Filipino Nursing Graduates and the Risk of the Migration Trap discusses the Sisyphean struggle that aspiring Filipino nurses undergo in their search for a better life outside the country. The key argument are the two traps that they fall into:

The first is the migration trap…: aspiring migrants obtain specific credentials in the hope of working overseas, yet are unable to leave when labor demands or immigration requirements change…. Lacking public funds, Philippine hospitals could not offer permanent positions to the staggering number of nursing graduates within the country, leaving many unemployed and unable to obtain the work experience needed for jobs in alternative destinations like Japan and Singapore. Filipino nursing graduates caught in this situation then find themselves in an opportunity trap…: the never-ending need to collect credentials in order to secure a positional advantage in the job market.

Moreover, the author argues that rather than brain drain, it is a problem of brain waste as “…qualified nursing graduates find themselves in industries and jobs that have little need for their skills.”

Brutal.

An iridescent feathered dinosaur

Hot in science news today is a recently published paper from Nature about a newly discovered plumed dinosaur with iridescent feathers. In the past few years, we’ve had to rethink our conception of dinosaurs as giant lumbering lizards to nimble, gregarious, and feathered proto-birds.
What’s particularly exciting about this dinosaur, named Caihong (meaning ‘rainbow’), is the range of techniques brought to bear to reconstruct the colors it may have had. The scientists based these on electron microscope readings of imprints on rocks, comparing them with modern extant samples to determine their light absorbing properties.

The rich get richer, the poor get poorer

The Rate of Return on Everything, 1870-2015 asks (and answers):

What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns?

And what’s key here is that if the rate of return is greater than the growth of the economy, inequality is exacerbated. Findings: over the past 150 years, the rate of return has been double the economic growth.