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There is great risk of 'creative' and 'knowledge worker' type jobs leaving the rich countries. But, that wave won't appear for another 5-10 years. Why? Because
by afpx 9y ago
There is great risk of 'creative' and 'knowledge worker' type jobs leaving the rich countries. But, that wave won't appear for another 5-10 years.
Why? Because there's just too much free capital floating around.
It's the same reason why a upper-end software engineer can ask for $175k in salary and get dozens of job offers, but if that same engineer asks for $200k or to work remotely, most companies will look away. Or, in other words, there's an imbalance of capital to competition. Currently, most companies can get away with shunning financial analysis.
There are many weak, unserious products out there that are still making lots of money. There are lots of mediocre companies that are worth $150M. That demonstrates that there is too much floating capital in the system. But, eventually, things will bounce the opposite way, and it's gonna HURT, HURT, HURT.