And if the best and brightest continue leaving Ireland, Greece, Spain, Portugal and Italy in droves, Germany remains well-placed to tap this brain drain.

FORBES: Why Monti's Exit Is a Smooth Move

Civil rights and minority groups-- as well as some law enforcement agencies-- worry the law would only encourage racial profiling, drain vital and scarce law enforcement resources, hamper investigation of more serious crimes, and cripple relations with immigrant communities.

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With the time we gain by not being a concierge to kids' lives, we can address the brain drain and social tragedy resulting from countless well-educated young adults lingering jobless, especially those who graduated in the dog years of 2007 and 2008.

CNN: Hey, baby boomer parents, back off!