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Taiwan is also an absolutely tiny economy compared to China. That money has to come from somewhere. In the case of many countries, it means paying most workers

by fiblye 8y ago

Taiwan is also an absolutely tiny economy compared to China. That money has to come from somewhere. In the case of many countries, it means paying most workers peanuts while paying someone else 10x as much. Some on HN are okay with massive wealth disparity and think it’s great for some international programmer to be valued far more than any local just because they worked at a company like Facebook. Some countries, like Taiwan and Japan, aren’t on that train.

threatofrain 8y ago
And that's why Taiwan is in a brain drain to China and the US. Chinese companies don't need to make the same excuses as Taiwanese companies when it comes to money.
- fiblye 8y ago
  How’s it an excuse? Hey, Afghanis and Sudanese people out there, want to fix your country? Just quit being poor. Pay money that you don’t have. It’s what the two largest, most powerful, wealthiest countries in the world do, so why can’t you? No excuse not to pay them the same as a Silicon Valley startup getting funding that dwarfs your GDP. Aside from throwing people out on the streets and cutting wages for the middle class in order to support some yuppie JavaScript coders from another country, it’s not economically possible to just poof money into existence to pay ridiculous wages. I mean yeah, America does it and that works for some people here. Most people despise that.
  - threatofrain 8y ago
    What people should despise is losing their best and brightest to companies overseas. You're talking about immigration, but that doesn't make a brain drain.
  - VRay 8y ago
    You're looking at the economy and business in general completely wrong. You have a SERIOUS fundamental misunderstanding of how it works. There isn't a fixed pool of X trillion dollars per year for all companies and government agencies to split up among workers. If a company gives $300k to some guy in Silicon Valley, he'll turn around and give it to other people providing him with goods and services. They in turn spend the money on things they need.
    - fiblye 8y ago
      That is the very definition of trickle down economics. Spoilers: it's been thoroughly debunked. It factually does not work.

by fiblye 8y ago

threatofrain 8y ago

And that's why Taiwan is in a brain drain to China and the US. Chinese companies don't need to make the same excuses as Taiwanese companies when it comes to money.

fiblye 8y ago
How’s it an excuse? Hey, Afghanis and Sudanese people out there, want to fix your country? Just quit being poor. Pay money that you don’t have. It’s what the two largest, most powerful, wealthiest countries in the world do, so why can’t you? No excuse not to pay them the same as a Silicon Valley startup getting funding that dwarfs your GDP. Aside from throwing people out on the streets and cutting wages for the middle class in order to support some yuppie JavaScript coders from another country, it’s not economically possible to just poof money into existence to pay ridiculous wages. I mean yeah, America does it and that works for some people here. Most people despise that.
- threatofrain 8y ago
  What people should despise is losing their best and brightest to companies overseas. You're talking about immigration, but that doesn't make a brain drain.
- VRay 8y ago
  You're looking at the economy and business in general completely wrong. You have a SERIOUS fundamental misunderstanding of how it works. There isn't a fixed pool of X trillion dollars per year for all companies and government agencies to split up among workers. If a company gives $300k to some guy in Silicon Valley, he'll turn around and give it to other people providing him with goods and services. They in turn spend the money on things they need.
  - fiblye 8y ago
    That is the very definition of trickle down economics. Spoilers: it's been thoroughly debunked. It factually does not work.