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> It really doesn't. You end up with a whole segment of engineers that effectively become invisible to the local tech scene, because they are way above the loca
by citrin_ru 5y ago
> It really doesn't. You end up with a whole segment of engineers that effectively become invisible to the local tech scene, because they are way above the local rates.
If remote salaries will be significantly higher than local ones many governments will be tempted to raise/introduce taxes on foreign income (and in authoritarian ones it is easy to implement). Since cross-border payments in most countries are closely monitored it would be not hard to enforce. Which in turn would make local jobs more attractive in comparison.
- 908B64B197 5y ago> many governments will be tempted to raise/introduce taxes on foreign income [...] Which in turn would make local jobs more attractive in comparison. That's a double edged sword. Because your top performers are now seeing the local government trying to fleece them and it just makes coming to the US even more attractive. It would also be a red flag for anyone in the country, to be fair. Instead of looking at what's wrong with the countries' tech ecosystem and fixing it to help local companies innovate and compete, they just rent-seek successful companies.
- GFischer 5y agoArgentina did that, their brain drain was INSANE, we had thousands immigrate to Uruguay. The holdovers jump through all kind of hoops, many involving crypto.