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Remote work will break the US monopoly on global talent

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Re: Remote work will break the US monopoly on global talent

#401

Post by cmrdporcupine »

5revive wrote: post #389

Canadian Company: Our upper bound is 90k American, you get no equity, you have to work Eastern Time Zone US Company: Our mid bound is 200k American, you get equity, you have to be available +/- 4 hours from the time zone of your core team for 3 days a week. Its not even close. And if we are talking about raising money - just lol. Canadian VCs treat their investment like they are buying into a 200 year old insurance c…

100% true. If this WFH Remote trend continues the software industry in Canada is going to get a rude awakening. I know many people walking away from jobs here to go work remote for US companies for a lot more pay.

Only way to do really well in Canada is to work for a FAANG with HQ here, as they tend to bring a bit of their comp structure with them. Or consult. But even at the FAANG I work for there's been people leaving to go remote for same or more pay.

From my experience with the startup world in Toronto (over 10 years ago, so), the whole Canadian VC industry & startup world was nepotistic. All went to private school together, and role playing a part.

Re: Remote work will break the US monopoly on global talent

#402

Post by mistrial9 »

exdsq wrote: post #394
mistrial9 wrote: post #204

Earlier quoted context omitted.

I started a conversation with a visiting EU PhD and asked about programming languages. In a very good smelling way, he avoided the question. Apparently it is "blue collar" work to do actual programming? This one PhD did zero actual programming, apparently.

I've spent the last few years in Oxford with a bunch of PhDs and they all programmed. Those who didn't program were interested in programming & I taught a couple at a community organised code bootcamp. I'm now living next to Stanford and the same thing happened again. This isn't just traditional STEM either but economics and history students. Definitely anecdotal but I expect this is more common than those who don't…

> community organised code bootcamp

yes! :D

Re: Remote work will break the US monopoly on global talent

#403

Post by LAC-Tech »

filoleg wrote: post #326
angrais wrote: post #266

Earlier quoted context omitted.

There's also some very high paying software engineering roles in the UK, such as machine learning engineers. Of course, the salary varies from the north to the south quite a bit. Nevertheless, you can get 100k just out of uni in an ML role! Especially if it's following a PhD.

>There's also some very high paying software engineering roles in the UK, such as machine learning engineers. >Nevertheless, you can get 100k just out of uni in an ML role! Especially if it's following a PhD. I wouldn't call that "very high paying" at all compared to the US ones. $100k is way less than what a non-ML undergrad dev gets at an entry level FAANG position in the US. And yes, even for remote positions (wit…

100 GBP = 135 USD

Your point still stands though.

Re: Remote work will break the US monopoly on global talent

#404

Post by jopsen »

pcurve wrote: post #395
rwaksmunski wrote: post #341

I'm earning 6 figures in central Europe working remotely for the Americans. Local corporations can't match that let alone beat it. I'm cheaper than U.S. resources, yet a lot more experienced and productive. I'm happy and the employer is really, really happy. If anything remote work solidified US strong hold on IT talent, not broke it.

Definitely great news for you, but not so great news for IT talent located the U.S. if more companies start doing this. It's also bad news for employers in your country, because they're losing top talent like yourself to deep pocketed American companies.

> but not so great news for IT talent located the U.S. if more companies start doing this.

We've been saying that for 30 years.

In the end, the demand for engineers is much bigger than we think. And if price of engineers goes down just a little bit, more projects will become feasible, so demand will go up.

So, if anything we might see wages grow less aggressively, long before they stall, and wages will stall long before they go down.

Who knows how long the party will last, but odds are it's longer than nmy career.

(Unless a bubble blows up SV tomorrow, hehe)

Re: Remote work will break the US monopoly on global talent

#405

Post by [deleted] »

postsantum wrote: post #346
standardUser wrote: post #331

Earlier quoted context omitted.

"However, this still invalidates the point that whites are the most privileged group." No one made that point. And yes, it's true, if you look at certain much smaller demographic groups you can find groups that are somewhat more economically advantaged than white men.

The only alternative explanation of such wealth difference is that these "white males" are objectively better at it. That's why I mentioned privileges

[deleted]

Re: Remote work will break the US monopoly on global talent

#406

Post by [deleted] »

postsantum wrote: post #328
heavyset_go wrote: post #313

Earlier quoted context omitted.

That's because US immigration policy selects for immigrants with significant wealth or specialized educations and experience. Our policy specifically selects for high earners and the already wealthy. You can see this effect clearly from your own source, where Australian Americans and South African Americans both have higher median incomes than almost all Asian American households, as well as white Americans. Same thi…

Yes, I understand that might be a factor. However, this still invalidates the point that whites are the most privileged group. If we take second/third-generation indians, they, on average, would be wealthier than most whites. Does this mean they are more privileged? I think yes

[deleted]

Re: Remote work will break the US monopoly on global talent

#407

Post by kcb »

AmericanBlarney wrote: post #198
zz865 wrote: post #126

Earlier quoted context omitted.

> Reminds me of the predictions 20 years ago that outsourcing/offshoring would eliminate hands-on developer jobs in US/UK and other "expensive" countries. Well in the corporate world offshoring really is everywhere. Even Goldman Sach's, #2 office for engineers in is Bangalore.

Worked in tech at a large financial - while it may be second largest by headcount, I would guess perhaps not by total number of MDs/Partners? In my experience at a similar company, the off-shore offices were not viewed as being innovative or producing the same level of value per-person. There were a lot of junior/mid-level people there, but the projects were typically being driven from the US/UK. How does that stack…

What I've seen from a financial company perspective is it's mainly cost center development that was handled by the overseas offices. Product and revenue development stayed in the US.

Re: Remote work will break the US monopoly on global talent

#408

Post by RNCTX »

sophacles wrote: post #342
thriftwy wrote: post #207

Earlier quoted context omitted.

USA is super expensive. Yes you can get a large paycheck, wait until you see house prices. Also current situation does not inspire confidence in somebody who may be identified as white male.

Imagine being so bad at your chosen career, a career so in demand that there are serious efforts to expand the talent pool to a wider variety of people, that you are afraid that those efforts will cost you your job.

Imagine being so ignorant of history that you think the (tulip hysteria, dotcom boom, condo craze, etc) will continue unabated into the unforeseeable future.

Re: Remote work will break the US monopoly on global talent

#409

Post by LAC-Tech »

Uptrenda wrote: post #149

I feel like when it comes to remote work the great divider will be 'cost of living' versus attained wages (and not 'talent.') As in: suppose I live in India where the cost of living is low. Due to wage arbitrage I can satisfy my cost of living quite easily by taking on low skilled software contracts. In this position, I am happy to take on the work because it more than covers my basic needs. On the other hand, if I w…

In countries like New Zealand and (to a lesser extent) Australia, cost of living is Higher while local wages are lower.

This may seem like a pedantic point, but companies don't base compensation on anything as 'fair' as CoL. It's all about market rates.

Re: Remote work will break the US monopoly on global talent

#410

Post by warkdarrior »

coding123 wrote: post #387
cblconfederate wrote: post #322

Earlier quoted context omitted.

I think the realization people had through the pandemic is that a very large part of the western world is equally livable. Apart from economic opportunity, what else is there on US soil that makes it comparably preferable? And i think you re forgetting that the US has been outsourcing its manufacturing to china for decades, and china is , what 15 hours difference? Most of work is asynchronous I think the US has nothi…

But it's good for exactly who they are - the management. As long as Americans are replaced time and again, it changes the US. We used to care for each other. I think the fact that the greed machine is so precise and backstabbing and self-documented and codified there's nothing to tell it to stop hiring people outside the US simply for cheaper labor. I keep seeing people say that the economy is not a zero sum game - b…

In ten years robots will take over many of the current construction jobs.
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