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Offshoring was similar - i.e. companies discovered that expensive labor here can be performed inexpensively there while senior laborers/PMs here would perform t
by trhway 1y ago
Offshoring was similar - i.e. companies discovered that expensive labor here can be performed inexpensively there while senior laborers/PMs here would perform the overseeing role - and we can look at it how long it took to digest it and adjust to it. While 15-20 years ago it was all the rage, today it is just an established well understood and efficiently utilized, where applicable, practice.
- eru 1y agoYes. However it wasn't just noticing the difference in wages. That had been known since forever and didn't wake a genius. Figuring out how to produce efficiently in the cheaper places and get the goods to rich markets took more smarts and experimentation. Container shipping played a big role in that, and so did modern communication and cheaper flights.