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> The money may start flowing from the "rich world" to the "poor world" soon, no need for H1B visas or anything else. The gold rush days may be over. You seem
by tw04 5y ago
> The money may start flowing from the "rich world" to the "poor world" soon, no need for H1B visas or anything else.
The gold rush days may be over.
You seem to believe there are no political dynamics to this situation. On a small scale, sure. On a large scale I think you’ll find the political stability that executives in the US have come to rely on will quickly disappear. The 2016 elections were already a reflection of the general populace growing tired of offshoring jobs. When that hits the middle and upper middle class as well, shit will hit the fan globally.
- joelbluminator 5y agoIt's more than that. It's one thing to offshore some shoe factory to China while keeping most of the quality jobs and R&D at home. It's another story completely if 70% of U.S tech will be off shored; the knowledge escapes, the patents, sometimes IP can be stolen etc etc. Slowly but surely the competitive edge the U.S has will disappear.I'm pretty sure there will be political objection to it and laws to make it less appealing to offshore if that is the case.