Given an arbitrage opportunity like that - pay someone 1/3 - corporations will take it. It is in the corporate profit maximization DNA. Keeping american jobs for americans doesn't factor in at all.
Bits and bytes have no borders and the massive pay differentials will equalize over time. Being on the wrong side of that means constant downward pressure.
As someone who is also well paid for staring at computer screens I do worry about this too because there doesn't seem to be an obvious counter. Be good/valuable doesn't work...guess what the competition in 3rd world is trying to be? That's not an edge.
Hey, when American workers decided to spend the 3 years or so they had leverage over their bosses after the pandemic to insist that, well, actually, there is no advantage in working together and in person, and that there is no advantage to having an American college degree, is it really surprising that their bosses then decided, well, if that’s the case, why are we hiring people at 5x the cost we could get someone in a different country?
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[ 3.7 ms ] story [ 16.7 ms ] threadBits and bytes have no borders and the massive pay differentials will equalize over time. Being on the wrong side of that means constant downward pressure.
As someone who is also well paid for staring at computer screens I do worry about this too because there doesn't seem to be an obvious counter. Be good/valuable doesn't work...guess what the competition in 3rd world is trying to be? That's not an edge.
This seems to track with what I've been feeling on the consumer side as a 20 year card holder.