> Almost universally, a major motivating factor among US nomads seems to be geoarbitrage – earning money in a strong currency and then living in a country where the local currency is weaker and the cost of living lower.
I realised that this is really the corrolary of importing workers. Instead of boosting wages until local workers are willing to work, employers take advantage of misery around the world and bring in those willing to put up with the conditions. A misery-arbitrage if you will.
1 comment
[ 2.8 ms ] story [ 14.6 ms ] threadI realised that this is really the corrolary of importing workers. Instead of boosting wages until local workers are willing to work, employers take advantage of misery around the world and bring in those willing to put up with the conditions. A misery-arbitrage if you will.