Re:Ask HN: What are you predictions for 2023?
by toyg on Tuesday December 27, 2022 @12:01PM
(#34150623)
> Reserves of cheap labor are not endless
In practice, in aggregate they are. As you mentioned, there were other countries filling that gap before, and there will be new ones. East Asia got there first because of a combination of factors (cultural, historic, and logistical), but once that area is spent, new frontiers will be opened. In fact, in markets where there are fewer logistical constraints (i.e. software), those new frontiers are already coming online (South America, Africa, etc).
In practice, in aggregate they are. As you mentioned, there were other countries filling that gap before, and there will be new ones. East Asia got there first because of a combination of factors (cultural, historic, and logistical), but once that area is spent, new frontiers will be opened. In fact, in markets where there are fewer logistical constraints (i.e. software), those new frontiers are already coming online (South America, Africa, etc).