4 ms·

As long as we compete in a global economy, I can assure you there are foreigners who will work twice as hard for less. They will not have a problem filling the

by newbie2020 5y ago

As long as we compete in a global economy, I can assure you there are foreigners who will work twice as hard for less. They will not have a problem filling the positions

errantmind 5y ago
This won't solve anything. The bosses that want people in the office wouldn't hire these foreigners. The bosses that are all in on WFH value strong communication skills and schedule overlap, so they also wouldn't hire these foreigners
- dudhhdjd 5y ago
  This is ignorant of the reality of the personnel strategy in these institutions over the last decade, at least. Strong technical teams in securities are almost entirely foreign. I was one of two Americans in a unit of fifty. Good communication in mathematics and software doesn’t require you to be from the USA. They’ve also been building quantitative and technical teams in places like India for years to stand up core functions so that they can effectively deliver larger objectives, and moving responsibilities there for components of larger mandates. This is only accelerating due to their inability or unwillingness to compete in the US for tech and quantitative talent.
  - errantmind 5y ago
    This wasn't my experience. I consulted at ~20 different large (non-tech) companies. Every software development offshoring attempt failed and all the jobs ended up coming back to the US. I don't doubt there will be international competition for specialized SWE jobs, but most of the jobs that revolve around everyday business automation and support will likely stay 'local'.
afpx 5y ago
Let’s say I work for a big multinational. Why are the billing rates for Indians (in particular) $20/hr whereas the rates for Americans are 10x or more? Why is this apparent wage gap so high? Maybe a rhetorical question.
bluefirebrand 5y ago
That's fine. Let other people race to the bottom.

4 ms·

As long as we compete in a global economy, I can assure you there are foreigners who will work twice as hard for less. They will not have a problem filling the

by newbie2020 5y ago

As long as we compete in a global economy, I can assure you there are foreigners who will work twice as hard for less. They will not have a problem filling the positions

errantmind 5y ago
This won't solve anything. The bosses that want people in the office wouldn't hire these foreigners. The bosses that are all in on WFH value strong communication skills and schedule overlap, so they also wouldn't hire these foreigners
- dudhhdjd 5y ago
  This is ignorant of the reality of the personnel strategy in these institutions over the last decade, at least. Strong technical teams in securities are almost entirely foreign. I was one of two Americans in a unit of fifty. Good communication in mathematics and software doesn’t require you to be from the USA. They’ve also been building quantitative and technical teams in places like India for years to stand up core functions so that they can effectively deliver larger objectives, and moving responsibilities there for components of larger mandates. This is only accelerating due to their inability or unwillingness to compete in the US for tech and quantitative talent.
  - errantmind 5y ago
    This wasn't my experience. I consulted at ~20 different large (non-tech) companies. Every software development offshoring attempt failed and all the jobs ended up coming back to the US. I don't doubt there will be international competition for specialized SWE jobs, but most of the jobs that revolve around everyday business automation and support will likely stay 'local'.
afpx 5y ago
Let’s say I work for a big multinational. Why are the billing rates for Indians (in particular) $20/hr whereas the rates for Americans are 10x or more? Why is this apparent wage gap so high? Maybe a rhetorical question.
bluefirebrand 5y ago
That's fine. Let other people race to the bottom.