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What about the fact that the average infiltration of technology for a company to utilize is higher than the 90s, so low to average skill, and even some high ski
by usmeteora 9y ago
What about the fact that the average infiltration of technology for a company to utilize is higher than the 90s, so low to average skill, and even some high skill jobs are being exported to the billions of people willing to do the job for a fraction of the price.
Maybe just as many or more people are being employed just not in the U.S., and the pays of the people working overseas are lower relative to U.S. wages, but higher relative to the wages offered in the location of that persons job?
I feel like people are looking at the U.S. exclusively but in reality since the 90s we have to consider the other countries on this planet, as an average to normal way of utilizing job allocation resourcing as opposed to it just being large corporations that do this like in the 90s.
I'm not saying this method is overall good or stating opinions or whether i think its "right" or "wrong" as opposed to economics and how things have always worked , but it is a fact thats happening. Theres 400,000 people in China who have Engineering degrees or otherwise niche technical skill that are unemployed, and another 400k in the pipeline in Asia that are 12 yrs old taking Calculus and becoming trilingual.
I always wonder why we don't wonder why the average highschool student in the average city in the U.S. is less valuable than the average highschool student in the average city in Asia or India, instead of assuming the only reason we don't have the jobs we feel entitled to is because rich people are taking it away from us, when in reality theres really qualified hardworking people all around the world who would benefit from a fraction of the pay provided by jobs we had previous relative to the current living conditions.
The current living conditions being 400k unemployed Engineers and tech/manufactoring workers in Asia.
outside of simply being American, why are we entitled to jobs more than them, if theres a limited amount of jobs, and they are willing to do it for less because its better than Having a Masters Degree in Engineering and being homeless?