4 ms·
Globalization is just getting started.
by lvl102 4y ago
Globalization is just getting started.
- UncleOxidant 4y agoCare to expound on your thesis a bit more? Is this just a pause in the longterm path to globalization?
- avastmick 4y agoI agree with this; we’ve only been recently witnessing the awakening. My view entirely: (some) people will start to see themselves as the true commodity of value and either move to where they are valued or work remotely. This is already starting to happen. The more enlightened nation states will get on the bus and compete for people resources. Those more backward thinking will seek to lock the door and regress and live increasingly in tyranny. Just my view.
- navi0 4y agoAgree. Remote work during pandemic has shown companies they don’t need legions of mid- and low-tier white collar workers onshore. You can hire top tier college educated talent in the Philippines for $30K/yr. They work US hours and are hard working. A friend runs his entire US operations for a $5M/yr revenue company with just one other US-based employee.
- lvl102 4y agoI think it will be the other way around. Wages abroad will rise. Same with standard of living.
- navi0 4y agoYes, both can be true; one would expect that to happen over time until supply meets demand. It will do to service/clerical jobs what 90s-10s globalization did to manufacturing.
- lm28469 4y agoThis is a very naive view of the whole thing, unless we have global tax systems this would destroy most places in a generation
- navi0 4y agoI take no position on whether this is socially desirable or not. Just pointing out the direction of travel.
- spaceman_2020 4y agoThere has never been a time in history when an incumbent power and an ascendant power just…got along. Why would this time he different?
- Apocryphon 4y agoWMDs and MAD