Not if jobs in the US keep paying as they have been. If you can work remotely then the US makes most sense from an income perspective.
Remote work will break the US monopoly on global talent
61–70 of 534 posts
Re: Remote work will break the US monopoly on global talent
#62Does the US have a monopoly on global talent that I'm unaware of?
As long as noone else is able/willing to match pay - kinda. In Poland for example normal pay is $5K but for US startups you can get $10K. Only TikTok or Switzerland has offers in this range.
Re: Remote work will break the US monopoly on global talent
#63In the short term, I think it's going to be a lot harder than this article lets on, but long term, it is abundantly clear: cushy developer jobs in the US are on borrowed time. Salaries may continue to go up for a little while longer, but they will fall to reflect the rest of the world catching up with the US. And that's a scary prospect for those under 35 now. And I don't think there's a way out of it. We embrace rem…
I disagree, I don't see how the supply/demand ratio of talent will significantly change by remote work. Companies will pick from a larger pool of people. People will pick from a larger pool of companies.
Except that developers from countries that earn on average less than their US counterparts have an incentive to work for a US company remotely but a developer from the US does not have many incentives to work for less for a company abroad
Re: Remote work will break the US monopoly on global talent
#64Not if jobs in the US keep paying as they have been. If you can work remotely then the US makes most sense from an income perspective.
I've heard that overwhelming majority of US companies pay adjusted salary to remote workers depending on their location.
Re: Remote work will break the US monopoly on global talent
#65I don't believe the US has a monopoly on talent.
The US has a monopoly on being able to go to market.
US corporations are extremely efficient getting funds, putting that capital to work, and deliver a product people want to buy.
Historically they got that advantage because (among other factors) their internal market is HUGE, and successful US products were also appealing in other countries.
As I said there are other factors as well (regulations, overseas taxation, and exports to name a few).
Re: Remote work will break the US monopoly on global talent
#66I find this a bit far fetched, with as many problems as the USA has it still has a solid reputation as a place you can come and make a new life with low corruption, a justice system, free speech, affordability, and on the local/state level a government/bureaucracy that still works. Same goes for Germany and countries that provide a high quality of life for their people. I understand the idea, but there is a reason pe…
As an American who lives abroad, I specifically chose to leave because it's a place riddled with corruption, has a rigged justice system, whose political climate stifles free speech, is totally unaffordable in any of the urban centers, and has a depressingly incompetent bureaucracy on the local/state level (I'm looking at you, San Francisco...).
Re: Remote work will break the US monopoly on global talent
#67I've seen what it requires for an individual to be in a country other than the USA and the US-based company not wanting to treat them as an employee due to the paperwork. That generally means they need to be an independent contractor so individual needs to set up a company in their own country and deal with all the issues associated with that and the tax implications. Most smaller companies won't deal with foreign em…
There are plenty of labor sourcing companies who will happily do all the paperwork (and take on the legal risk) for you to hire someone in a foreign country, but in fact you pay the labor company some fixed hourly rate, and they hire the worker as an employee.
It's a good model, because then when the laws of the foreign country change to say "Women's average salaries must match mens" or "Workers shall be paid 2x rate on religious holidays" or "Employers shall pay extra tax for hiring people over the age of 62 years old"... All those cases can be dealt with by the foreign company who knows the local laws and customs.
Re: Remote work will break the US monopoly on global talent
#68Earlier quoted context omitted.
> low corruption I’m sorry, what? Ask anyone in NYC what they think of the corruption. Ask them if they feel that the taxes they pay are put to a good use. Ask what they think of MTA, of the unions, of the mafia connections. And ask any expat what they think of lobbying, a.k.a. legal corruption.
Compare corruption in NYC to India or Thailand or Romania :) A waist high pile of poop is much different from one the size of a skyscraper. I am not saying it doesn't have aspects of corruption, but it is low and solid resources on the local and national level to constantly investigate and make cases. Legalizing corruption through lobbying is a good move. There are other options but better than keeping it underground…
>Compare corruption in NYC to India or Thailand or Romania :)
Corruption in Romania and other Eastern European countries is more generalized in the sense that there is more small corruption. Corruption cases in US are more serious.
Re: Remote work will break the US monopoly on global talent
#69I don't believe the US has a monopoly on talent. The US has a monopoly on being able to go to market. US corporations are extremely efficient getting funds, putting that capital to work, and deliver a product people want to buy. Historically they got that advantage because (among other factors) their internal market is HUGE, and successful US products were also appealing in other countries. As I said there are other…
The EU has a similarly sized internal market, but it's consistently self-sabotaging on many levels (EU, countries, state, local) so does not realize a lot of the benefits it could get.
Re: Remote work will break the US monopoly on global talent
#70I am sceptical. Reminds me of the predictions 20 years ago that outsourcing/offshoring would eliminate hands-on developer jobs in US/UK and other "expensive" countries. Timezones, language factors, cultural factors, retention and exclusivity challenges plus basic logistics stuff like payroll and taxes all matter a lot. None of that's insurmountable but it takes a level of effort that can be very high. And I say this…
The payroll, taxes, and labour laws are a big barrier at the moment. Even if you are happy hiring someone as an independent contractor to simplify the first two, how do you know that you aren't breaking local laws, e.g. about disguised employment? You still have to be familiar with local laws and regulations. It seems like something that an intermediary could help with, and a few do exist, although they are pricey. S…
Those middle-man companies charge extraordinary margins. I don't know whether that is warranted. But you could pay $150/hr and get $15hr developer. Something's wrong with that math. I think that's because of lack of competition, basically they charge as much as possible and pay as little as possible, because they can.