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I would say one thing that they miss is the equalization of opportunities between countries. Right now if you are born in the US you have 10 times higher income
by timedoctor 15y ago
I would say one thing that they miss is the equalization of opportunities between countries. Right now if you are born in the US you have 10 times higher income than if you are born in the Philippines (for equal abilities). In the future, it will get closer to 1 to 1.
Income of highly skilled people in low wage countries will go up and income of low skilled people in the US who are working in areas where low wage countries can compete will go down.
Great that my new business idea is completely built around this trend.