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If US workers feel stressed now, just wait. Your knowledge and service jobs are next on the chopping block as foreign competition from Rwanda to Rangoon moves u
by howmayiannoyyou 5y ago
If US workers feel stressed now, just wait. Your knowledge and service jobs are next on the chopping block as foreign competition from Rwanda to Rangoon moves up the value ladder; and as automation continues encroaching. We wanted cheap products from overseas, cheap debt, big state/federal spending & billions spent on sustainability boondoggles, D&I initiatives & regulation. Congrats! Mission accomplished and the bill is coming due. Grievance culture is costly as hell for society.
- onlyrealcuzzo 5y agoIf you think FAANG is going to outsource jobs to Rwanda and Rangoon any time soon - you're wildly out of touch. Education - especially science - is pretty lackluster almost everywhere in the world. If you really think the average person in Rangoon has as comfortable of a life to spend time educating themselves as Americans or Europeans or people from any other advanced economy - you're kidding yourself. Sure - they might have more desire on average, since they have a lot more to gain. But that's only going to get you so far. Also - you have to think that China and India are already almost half of the world's population. The developed world is another ~18%. Most of the effects of globalization have already been felt - especially for knowledge workers.
- alienthrowaway 5y ago> Education - especially science - is pretty lackluster almost everywhere in the world. You're wrong, just because it is not visible to you doesn't mean it doesn't exist.You only have to visit a random science postgrad program and see students from all over the world represented - even at prestigious US universities, having immigrated after doing their undergraduate studies elsewhere. Their science education is good enough for Ivy league admissions departments, and those who get admitted are the very tip of a large iceberg. > Most of the effects of globalization have already been felt - especially for knowledge workers. This is a bold claim, which I think is wrong: a lot of developing countries don't have sufficient infrastructure (yet) to unlock their full potential. The talent is already present, but lacking connectivity and experience. The population share of the developing countries will balloon over the next few decades as developed world population flattens or shrinks.
- onlyrealcuzzo 5y ago> You only have to visit a random science postgrad program and see students from all over the world represented - even at prestigious US universities, having immigrated after doing their undergraduate studies elsewhere. Why would you expect students to not be represented proportionally? If anything, you should expect a disproportionate share because admissions weight races and ethnicities - especially, if as you claim - science education is better (it's not) in Rwanda or Rangoon than The US or the EU. > The talent is already present, but lacking connectivity and experience. You are pretty much reiterating my argument. The developed world is, by definition, behind. This puts people who live there at a disadvantage - in general - to people who live in the developed world.
- howmayiannoyyou 5y agoYou're not current on technical innovation and vertical integration programs in: - Turkey (eg. software, defense, drones, medical device manufacturing) - Pakistan (eg. aerospace, maritime, defense) - India (eg. medical, chemical, pharma, defense) - Russia (eg. defense, materials) - Brazil (eg. software, aerospace, textiles) - Malaysia (eg. high tech, primary metals, value-add mfg) - Indonesia (eg. primary metals mfg & vertical integration) - China (eg. everything) If you were current you would know what you're saying is mostly wrong, and true at the far less impactful margins.
- onlyrealcuzzo 5y agoI already mentioned China and India which are >90% of the technology outputs from the economies you mentioned. One would expect a country the size of Pakistan, Turkey, Malaysia, Brazil, and Mexico to produce something. It is not surprising that they do. Are you current with the fact that FAANG+M alone are bigger by orders of magnitude than the tech scene in any of those countries AND, importantly, that they are growing much faster?