The general objective of this article is to analyze the current emigration trends of qualified workers from Latin American and Caribbean (LAC) countries. Of special interest is identifying the countries and subregions in LAC that have been hit hardest by qualified migration in the past few years. Similarly, we analyze the issue of brain drain in light of changes in the global market regarding a qualified labor force, and the economic and social impacts of brain waste, both in countries of origin and countries of destination. Such a waste of skills arises when individuals take jobs below their education level. This study found that Latin America and the Caribbean recorded the highest relative growth of skilled migration to OEDC countries; it also found that skilled workers from LAC living in the United States show a greater tendency to take unskilled jobs than those born in the U.S. or other regions of the world.