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If you come up with a way to spread that wealth in the different regions of a country, shareholders and execs will leverage that to get work done from even chea
by RestlessMind 5y ago
If you come up with a way to spread that wealth in the different regions of a country, shareholders and execs will leverage that to get work done from even cheaper countries. A worker in Colombia or Mexico is much cheaper than someone in Kansas or Maryland. Btw, I am seeing this happening at my current workplace where a majority of the new headcount is for non-US countries. So be careful what you wish for.
We have seen this movie before with manufacturing. The winners of this move will be the shareholders / execs and the middle class in cheap countries. The losers will be the American middle class.
- tonyedgecombe 5y ago>So be careful what you wish for. I see that as a good thing as well. If it is a problem to have all the wealth of a country in a few regions then it is equally bad to have the wealth of the world in a few countries. It might have been painful for some Americans but globalisation has been a success for most of the world.
- RestlessMind 5y agoGood for whom? Definitely not for American middle class. So if you are a middle class person in the US, do not root for WFH trend or globalization of Silicon Valley. It will only hurt you while benefiting poorer countries and the shareholders (aka top 1%-ers) in the US. > globalization has been a success for most of the world It has led to decimation of big industries in the US / Western Europe, fueling the rise of demagogues (Trump, Le Pen, AfD, ...). It has also given power to despot regimes like Chinese Communist Party.