Demographers were stunned last month when new data revealed a trend reversal: immigrants are no longer flocking to the U.S., and some have made a U-turn and returned home. Data from the Internal Revenue Service show that 1,800 people, mostly living abroad, either renounced their U.S. citizenship or handed in their green cards—more than the total number of people who did so in 2007, 2008, and 2009 combined. A few made the choice to avoid paying U.S. taxes on income earned abroad, but others are seeking greener pastures in the global economy.
With the U.S. facing a shortage of skilled workers, the wave of immigrants who are turning their backs on America is foreboding. A growing population of highly-educated Americans and foreign nationals educated in the states are less committed to living and working in the U.S., preferring to return to their homelands, many of which are emerging economies.
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