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A similar sentiment was expressed when Eli Whitney introduced the cotton gin. It was massively disruptive and work changed from individuals at home to (global)
by cik 4y ago
A similar sentiment was expressed when Eli Whitney introduced the cotton gin. It was massively disruptive and work changed from individuals at home to (global) collectives and factories where clothes are created. There are countless other examples, but that is by far my favourite.
The more interesting question will be the impact of globalization on salaries and competition. Logically either efficiency and value provided by high cost of living areas continues to increase (and dramatically), or lower cost of living areas accelerate. We're already seeing this in many parts of the world.
We should assume that over time that salaries (for tech) decrease in North America over time, or at least increase at a slower rate than those of the rest of the world. Similarly the salaries elsewhere will increase over time. While slow - this is the ongoing truism of economic migration.
- ushakov 4y agowith more globalization your salaries will only decrease as your competition will always be willing to work for less for a company you’re just an expense on the balance sheet companies will want to decrease their expenses (costs) to show greater profitability (margins) to the investors as an employee you’re just a puppet in this system