Lifestyle and living standards arbitrage
News Source : Marginalrevolution.com
News Summary
- Since the Eisenhower administration, the u.s. hasn’t collected comprehensive statistics on the number of citizens leaving.
- Yet data on residence permits, foreign home purchases, student enrollments and other metrics from more than 50 countries show that Americans are voting with their feet to an unprecedented degree.
- A millions-strong diaspora is studying, telecommuting and retiring overseas.
- In Bali, Colombia and Thailand, the strains of housing American remote workers paid in dollars have inspired locals to mount protests against a wave of gentrification.
In the cobblestoned streets of Lisbon, so many Americans are snapping up apartments that the newest arrivals complain they mostly hear their own languagenot Portuguese.
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