December 04, 2007

You know your economy's in bad shape

When the Brazilians start heading for home (bold is mine):

That decision - to give up on life in the United States - is being made by more and more Brazilians across the country, according to consular officials, travel agencies swamped by one-way ticket bookings, and community leaders in the neighborhoods that Brazilian immigrants have transformed, from Boston to Pompano Beach, Fla.

No one can say how many are leaving. But in the last half year, the reverse migration has become unmistakable among Brazilians in the United States, a population estimated at 1.1 million by Brazil’s government - four to five times the official census figures.

To explain an often wrenching decision to pull up stakes, homeward-bound Brazilians point to a rising fear of deportation and a slumping American economy. Many cite the expiration of driver's licenses that can no longer be renewed under tougher rules, coupled with the steep drop in the value of the dollar against the currency of Brazil, where the economy has improved.

"You put it all together, and why should you stay in an environment like that if you have a place like Brazil, where there’s hope, a light at the end of the tunnel and it's not a train to run you over?" said Pedro Coelho, a businessman in Mount Vernon, N.Y., who is known as the mayor of Brazilians in Westchester County. "Are they leaving? Yes, by the hundreds."

O pais do futuro chegou no presente.

Posted by binky at December 4, 2007 02:11 PM | TrackBack | Posted to Economics


Comments

So less illegal aliens from Brazil are being hired because the US economy's doing worse? Maybe my math's fuzzy, but it still seems like a business owner would seek out more employment that costs them less, in bad times; and since illegals are illegal (I'm assuming that's why they can't get drivers licenses renewed), their employment tends to cost less. So why wouldn't they be in more demand?

Posted by: Morris at December 4, 2007 11:32 PM | PERMALINK
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