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They still depress wages, and they will take most of their wages back with them, where their families are, and the cost of living is lower. There have also been
by DarkKomunalec 10y ago
They still depress wages, and they will take most of their wages back with them, where their families are, and the cost of living is lower. There have also been many reports of americans training their replacements, at which point the distinction to outsourcing disappears.
Finally, I take issue with your characterization of software engineers as 'high income' - as I understand it, compared to the cost of living, they don't make that much on average. But I would welcome statistics on this matter.
- yummyfajitas 10y agoIn that case, should we also avoid hiring American citizens who send money to family overseas? I agree that this reduces wages of high income workers. That's exactly why it reduces income inequality. There are essentially no statistics in the US which adjust income for cost of living. Do you criticize all income inequality arguments on this ground, or just this one?
- crdoconnor 10y ago>I agree that this reduces wages of high income workers. That's exactly why it reduces income inequality. The majority of the money saved from those wages would be transferred to the managerial classes (execs, etc.) and shareholders, making income inequality worse: http://www.forbes.com/2004/08/31/cx_da_0831topnews.html http://www.forbes.com/2004/08/31/cx_da_0831topnews.html Income inequality isn't high because people who work for a living are earning too much.