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This is a very important point, let me expand a bit. If your business/product requires a supply of sub-market waged talent, then you have not found true produc
by TuringNYC 10y ago
This is a very important point, let me expand a bit. If your business/product requires a supply of sub-market waged talent, then you have not found true product-market fit or your product just does not provide sufficient value to sustain a real business (real meaning one that can operate on market wages.)
- grizzles 10y agoWhy do you say sub-market? When Disney or any other huge corporation outsources their IT dept to India / China, that's the MARKET. Good Luck putting an import tax on virtual goods / services.
- TuringNYC 10y agoIt is market wage in India/China. If they can export jobs to India/China and make things work, good for them, that is a good business. If the company is complaining of a shortage of US workers however, they are paying sub-market US wages. There is no such thing as a shortage in economics.