The Analysts of Taking Stock with Kalilah Reynolds believe there could be an influx of Jamaican nationals returning home following Donald Trump’s successful reelection as President of the United States.
Founder of Wealth Watch JA, Julian Morrison, explained that frustration with the President elect’s views and some policies may prompt Jamaicans to return home.
This he said could be a potential "brain gain" for the country and will postively impact the island’s overall economy.
He explained that many returning Jamaicans “have higher savings” due to their years of work overseas. This financial stability could mean they have “the savings to actually start something for themselves,” which could lead to new businesses and job opportunities in Jamaica.
Morrison said returning residents would help boost the economy by driving up productivity.
“Per capita income may rise because you are now catering to a different demographic,” he said, referring to Jamaicans who have developed new skills and connections during their time abroad.
Jamaica currently faces a challenge with human capital, which is the skills and abilities of the workforce. By welcoming back Jamaicans who have gained experience overseas, the country could see a positive shift in its workforce, benefiting local businesses and the economy as a whole.