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.
Havoc•43m ago
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.