2 ms·
a lot of work was also outsourced. that led to global upward class mobility. it was win win because young professionals in india and vietnam and eastern europe
by jelliclesfarm 6y ago
a lot of work was also outsourced. that led to global upward class mobility. it was win win because young professionals in india and vietnam and eastern europe were able to climb the salary/wealth ladder while american companies also made profits.
millions of jobs were created globally that did indeed have a role in erasing poverty in many countries. the wealth re-distribution was global. at the same time, noone became poorer in the united states and corporates flourished. to me, it is all win-win.
we forget that bay area was responsible for global change. it isnt just about california or america. silicon valley made the whole world a better place on average in the past two recent decades. this cannot be disputed.
- bsanr 6y ago>at the same time, noone became poorer in the united states This is false.