Re:A Follow-Up to “Location-Based Pay”
by sand_castles on Friday February 19, 2021 @04:58AM
(#26191345)
> There is no built-in fairness
Wage equilibrium around the world is inevitable with the rapid increase in integrated markets and improvement in telephony technology.
What this means for workers is far less important that what it means for capitalists.
We talk about race to the bottom for workers, completely ignoring race to the bottom for landlords / corporations and governments.
landlords around the world have to now compete on a much more even footing.
Rise of the corporate sector in China / Russia / Africa puts deflationary pressure on developed countries.
Governments that do not offer much, would watch the young and skilled flee to live under better government structure.
Re:A Follow-Up to “Location-Based Pay”
by SuoDuanDao on Friday February 19, 2021 @07:51AM
(#26192576)
I don't understand your reasoning, how does the rise of the corporate sector in developing nations put deflationary pressure on developed countries? Wouldn't competition from new economic centres dilute the value of development in Western countries thereby causing inflationary pressure?
In the real world company A tries to squeeze wages in one place and company B obviously tries to hire at local wages in the other place. There is no built-in fairness, it's just a negotiation strategy. The new equilibrium could be that everyone earns less.
I'd rather have that employees around the world can take home a western salary if possible, putting that money into the local economy and raise salary expectations among their peers.