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I can't wait for the frictions to loosen and this effect to work IN THE OPPOSITE direction. Workers in mostly wealthy country are taking advantage of a cost of
by ChicagoBoy11 4y ago
I can't wait for the frictions to loosen and this effect to work IN THE OPPOSITE direction. Workers in mostly wealthy country are taking advantage of a cost of living arbitrage, but soon employers will figure out they can take advantage of cost-of-worker arbitrage, meaning there is some local in the foreign country your current employee is in who could also probably do the job but for a fraction of the amount of money.
- DoingIsLearning 4y ago> meaning there is some local in the foreign country your current employee is in who could also probably do the job but for a fraction of the amount of money. This sounds like the same tale we heard in the 90's, that software would be offshored to Asia and there would be a handful of people writing specs and overseeing work and not much more. As the saying goes 'you get what you pay for'. If you have talented people anywhere in the world, they have either already emmigrated to higher paying markets or are contracting locally at absolutely fair prices in an international market. The sort of scenario you describe would have been true with information assymetry. However in the connected world of today if you think that someone is talented enough to be an effective asset but naive enough to not know their rate in an international market you are in for a surprise.
- thro388 4y agoSkilled people will always be hard to find. But why not hire some "manager of diversity" or "HR cook" in Jamaica?
- deleted 4y ago[deleted]