If you get 10% over the "average annual family income" of a USA family, but you live in San Francisco Area, you are screwed.
I understand your point, but "Doing this job is the local equivalent of ~$32 USD/HR in USA money for reading Facebook posts and deciding if it is terrorism or not." it's a big jump into conclusions without having more information. With 300,000 km2 and 100 million citizens probably requires more analysis. So maybe is a good job, it doesn't look like a bad one. Bud the "equivalence" is not as easy to get to.
I feel the same about this information. If anyone has plots they can through up I'd love to take a look.
> You probably also want 'censor'.
You are correct. I'll leave that unchanged because it doesn't effect the meaning of the post.
I'm really sick and tired of "but they're happy to have the abysmally low-paying job, because in their currency it's above-average!". Companies like Facebook aren't outsourcing to "give jobs to the needy"; they only do it because it's disgustingly cheap for them. The destitute, desperately grasping at the crumbs dropped on the floor by the rich, is not a positive thing. It's depressing.
What's next? Do we defend companies who hold immigrants' passports hostage, enslaving people indefinitely with no way out? After all, they pay X% above average! Those workers should be thankful just to have a job! Who cares that they'll never see their family again, and likely die while living in squalor?
Or are they taking advantage of the Americans that they don't employ?
1. Choose to fire the now reasonably well off employees forcing them to go back to a previous lines of employment that were less lucrative
2. Force companies to stop outsourcing labor which will in turn make it more likely for other countries to create similar sanctions like this against you.
3. Make companies pay foreign employees a "reasonable" rate based on local offering thereby making these jobs infinitely more lucrative then even well-educated professions and ultimately tilting their economy in an unwanted direction.
We live in times where economic action is also foreign policy. How would you like it if a country richer then yours started offering jobs for 100x the average wage that you are used to? Would you try and get one of those jobs? Would people start expecting that wage in other places? Would this change the way the market behaves?> The destitute, desperately grasping at the crumbs dropped on the floor by the rich, is not a positive thing
I wouldn't call the Philippines destitute. I know a few people who'd be offended by that characterization. I'd also ask: why are these people doing these jobs if it's not better then what they were doing before? Better either being higher pay, easier labor, or more enjoyable work environment.
The only question is "why are rich American companies outsourcing to the poor?". There's no reason why they have to. They can entirely afford paying full market wage in the US. If it's acceptable to outsource, then it should be legal to hire within the US for the same salary. Let Americans make $2/hour if that is the acceptable rate.
In the past, you wouldn't even have to ask this question, you would employ Americans as a matter of principle, as a matter of pride, to give back and reinforce this shared infrastructure and society for the benefit of future generations.
But then, none of this really matters in the new and improved globalist every man for himself world. (While the executives preach the virtues of socialist values.)
That's not how economies work.
> Let Americans make $2/hour if that is the acceptable rate.
I see no reason what that should be disallowed in my moral structure. If you don't think that's a reasonable wage don't take that job. You won't see any takers.
(a) They do receive reasonable wages. Better than the average in fact as the parent articulated. If you paid them US wages you would be completely distorting the local economy as suddenly you've created a community of millionaires. Do you really want medical/law students etc dropping out to become Facebook moderators because the money is so much better ?
(b) There is universal health care in Phillipines. Companies paying for health care is a US concept that doesn't apply in many other countries.
(c) They are employees of Accenture not Facebook. And not sure where you get the idea that all employees get stock options. That's something that again is a foreign concept in most places in the world.
Let me crunch the numbers again for the top 10% earners [0] bracket.
That means a person in a top 10% earners household is only making about (188/87) 2.16 times what you make.According to Investopedia the "average household income for the top 10% of earners is higher, at $295,845". which means that running the same numbers...
Since they are earning 2.16 times less then the top 10% bracket I'd guess that taking (top 10% hourly wage / 2.16) would give you a localized approximation for your economy. Doing this job is the local equivalent of ~$32 USD/HR in USA money for reading Facebook posts and deciding if it is terrorism or not.I know I've definitely gotten some stuff wrong here. Please correct me if you know better.
[0] - https://psa.gov.ph/content/average-family-income-2015-estima...
[1] - https://www.opm.gov/policy-data-oversight/pay-leave/pay-admi...
[2] - http://www.investopedia.com/news/how-much-income-puts-you-to...