> The only question is if the rest of the world is going to wake up and counter this.
Probably not.
Simply put, there's no first-world country in the world where top talent can earn even close to a US salary, which largely due to the fact that US is relatively permissive towards large income disparities.
Other countries "fixing" that would be politically infeasible.
... im struggling with the realization that Liberalism the big idea is probably an afforded luxury ideal of the rich, as well as a runaway self-re-enforcing flywheel of wealth/advancement. I benefit from it, but fewer and fewer are going forward, while the US is simultaneously winning harder and harder. This is a nightmarish equation!
Why do you think it's A -> B and not B -> A? What factors of the US being permissive towards large income disparities do other nations lack that prevent them from paying equivalent salaries.
One specific thing I've heard which makes sense to me toward explaining the salary gap is the US tends to have at-will employment while other nations make it more difficult to fire people. I wouldn't personally classify as promoting income disparity though.
Of course it is.
Low-performers are fired from high-paid positions that high-performers keep. This translates performance disparities to income disparities.
> What factors of the US being permissive towards large income disparities do other nations lack that prevent them from paying equivalent salaries.
1. At-will employment
2. Employer-provided benefits
3. Smaller safety net
4. Lower taxes
5. Fewer business regulations
Actually, its due to a shortage of highly skilled labor/specialists relative to demand. Europe benefits from more advanced math and programming talent as a result of Eastern European and Russian/Ukraine labor availability. US immigration policy puts America at a disadvantage in this regard - something they are weakly trying to address here.
Sorry if that goes against your income inequality agenda.
Not sure why the barrier to using Eastern European talent would be appreciable different. (Time zones?)
> income inequality agenda
No agenda, just analysis.
If you increase income inequality, the top earners can earn more.
I mean, Poland, Czech Republic, Hungary, Romania and Bulgaria are all EU members, which means they have freedom of movement - they don't even require any visa or work permit. Just show up in Western Europe and work. The same is currently temporarily true for Ukrainians.
Compare that to the extreme effort for them to get a green card in the US.
They don't necessarily have the skills to draw high US tech salaries either.
But for the vast majority, like you said, the US is extremely attractive.
I'm from Finland myself, I've been living in the US for some years, and I have no concrete plans to return. I've known many Finns who have tried the same, but most of them have returned to Finland, or at least to Europe. Most of them are highly educated professionals. It turns out the difference in standard of living is not that large. For most people, living closer to family and friends is more important. If they find a decent opportunity closer to home, they usually take it.
You can see the same effect with Finnish nurses. They could improve their standard of living significantly by moving to Norway. Probably more than software engineers moving to the US. It would be easy, because Norway is close, the culture is pretty similar, and Finnish citizens have a subjective right to live and work there. But few people actually do that.
But for anyone that is able/willing to move....
And it’s not like the climate in Europe isn’t verging on ethno fascism in several major state…
The website has a section titled "Bring your AI Skills to the U.S.", and then a button with this label "Learn about pathways to work in the U.S.".
This is very encouraging. And it reminded me of Eric Schmidt's recommendation on this topic [1], which was published on the final report of the National Security Commission on Artificial Intelligence:
Chapter 10. Page 178:
"Nations that can successfully attract and retain highly skilled individuals gain strategic and economic advantages over competitors." [...] "Unfortunately, international students in the United States are increasingly choosing to study in other countries or return home. One reason is the growing backlog of green card petitions. Indian immigrants face a particularly long wait. Many will spend decades on constrictive work visas waiting to receive their green cards, hindering both the technology sector’s ability to recruit talent and Indian immigrants’ quality of life."
The report recommends to focus on building better Immigration Policies. Maybe this .gov initiative listened to the advice from the report.
[1]: https://www.nscai.gov/wp-content/uploads/2021/03/Full-Report...
But he also seems to understand the labor/intelligence relationship to get there better than anyone else. I really missed him when he left Google, Sundar is a pail shadow.
You could argue chicken or egg, but many of those are regulation-related.
The US used to have consumer focused regulators too, but they have been undermined for long enough to neutralize the threat to monopolistic megacorps.
As someone who has similar thoughts, I'm not so sure. The EU has been trying for a while. Russia also puts quite a bit of effort into having an Internet that can operate separately from the US.
They have effectively deplatformed Europe, South America, the Middle East and Asia, put anyone but China within second reach from a mass data collection perspective, and expanded the economic hegemony of the US more deeply and completely than the military ever could.
The US is now on the verge of the second great breakthrough of mass automation of that data, intelligence and action. I am honestly shocked that this third stage of American Dominance has not be countered by any other nation save China, and even they're only defensively. America's global brain drain might have been the single most effective strategy that the planet has seen so far...
The only question is if the rest of the world is going to wake up and counter this.