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> Competitive, and not monopolistic, markets, produce the best outcomes for all consumers. If you subscribe to this belief, then an increased competition betwee
by benjaminjosephw 6y ago
> Competitive, and not monopolistic, markets, produce the best outcomes for all consumers. If you subscribe to this belief, then an increased competition between the governments can only result in an increase in standard of living of everyone in the world.
It's one thing to allow remote workers from one country to work from anywhere in the world. It's a completely different thing to create a universal and homogenized labour market for tech work.
Universal salaries would allow established and well funded companies to hire anyone anywhere at massively unfair non-local salaries. Individuals would be better off but the job market for equivalent local jobs would suffer and, as a result, new companies in those nations would suffer too.
The difference in purchasing power of the established tech companies in rich nations would annihilate the local labour market competition. It would become next to impossible for non-rich-nation startups to hire the best talent because of the huge opportunity costs potential employees would face. Exporting the benefits of economic privilege like this at the expense of host nations is textbook economic imperialism[0].
Individual benefit isn't the only lens that this issue needs to be examined through.
[0] - https://en.wikipedia.org/wiki/Imperialism https://en.wikipedia.org/wiki/Imperialism
- bananaface 6y agoAre you arguing that Indian employees should earn less because it's better for Indian employers?
- benjaminjosephw 6y agoI'm arguing that Indian tech companies are disadvantaged if all the best software engineers in India work for American companies. So are Indian consumers if there are fewer local companies solving local problems (and selling at local price-points).