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This is not quite what is going on. The "rich" that lose are the workers from rich countries. Their employers lose nothing. They can cut costs because they can
by samus 6y ago
This is not quite what is going on. The "rich" that lose are the workers from rich countries. Their employers lose nothing. They can cut costs because they can employ people with a way lower salary. It might still be at the upper level of the poorer country's market rate, but foreign employers won't pay much more than they strictly have to.
- naveen99 6y agoemployers have to adapt as well. Remember the employer’s employer is the customer. employers have to compete with other would be employers who have a lower barrier to entry now.