I'm traveling South America now. It is so nice! Brazil and Peru are both today unexpectedly awesome. From the point of view of someone born in those countries, I can understand having ~70% of a US salary but living there being very attractive.

Things are a lot more stable than when I first visited South America 21 years ago. In every city on every block there is new construction in Bogota, Lima, Curitiba.

Moreover, the economic impact of having skilled trained labor returning from years of training how to lay brick, roofing, construction, welding, farm management, cooking in 2 star Michelin restaurants, and other industries is going to continue to fuel the growth. (I could understand building a wall to keep the skilled labor form leaving.)