4 ms·
In the last few decades, technology has progressed and made a lot of tools available to facilitate remote work. Then the pandemic came along and forced everyone
by RestlessMind 5y ago
In the last few decades, technology has progressed and made a lot of tools available to facilitate remote work. Then the pandemic came along and forced everyone to adopt those tools. A lot of companies have now noticed that they can just go all-in on these tools, expand their talent pool and lower their hiring costs.
As described here[1], my company already has a majority of the new headcount in the non-US countries. The only caution they are taking is to avoid tough timezones like India. But it doesn't matter to a team if the new team member is from Colombia or Canada or Kansas, while it matters a great deal to the execs to hire that person outside US since that saves a lot of money to the company.
Who benefits? Shareholders, execs and the middle class in the non-US countries. Who loses? US middle class. We have seen this movie before with manufacturing.
[1] https://news.ycombinator.com/item?id=27696235 https://news.ycombinator.com/item?id=27696235