Remote work will break the US monopoly on global talent

Post by moneywoes » Wed, Nov 10, 2021, 2:04 AM UTC

neom wrote: post #368

JanisL wrote: post #351

Earlier quoted context omitted.

Melbourne Australia is in the third year of population decline now. I know on top of this population shift that a huge number of the major employers have shifted towards much more work from home arrangements due to the pandemic and due to the the 263 days of lockdowns that were imposed I think many of these changes will last for longer than in places that were less disrupted. That said I still think commercial real e…

I've been keeping an eye on London, Paris, Berlin, Toronto, Vancouver and Montreal for about 5 months now, really not seeing much movement at all unfortunately. Toronto and Vancouver are particularly holding on strong, stuff will sit empty for 3 months I'll go back and ask the brokers, owners are still not willing to lower the rent a cent, they really think everyone is coming back Q1/2 next year - it's pretty interes…

Post by moneywoes » Wed, Nov 10, 2021, 2:06 AM UTC

pcthrowaway wrote: post #301

filoleg wrote: post #255

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No need to reveal the exact company name, your clarification was more than enough to address my curiosity in regards to the situation. I really appreciate you giving just enough info, without compromising your own privacy, especially since it sounds like it is a small startup.

For me it was just enough information to make me more curious about what type of crypto company. I work for one too, but not on the fun web3 side of things.

Post by rwaksmunski » Wed, Nov 10, 2021, 2:25 AM UTC

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.

Post by goodpoint » Wed, Nov 10, 2021, 2:28 AM UTC

downut wrote: post #306

xyzzyz wrote: post #263

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House prices are often even higher in Europe, relative to wages. Check prices in London or Paris to see: you get smaller apartments, smaller houses on smaller lots than in US, and you’ll pay larger percentage of your paycheck for them.

I looked into Paris and the 19th looks very reasonably priced and apex civilized to me. (I've walked all over it.) A two bedroom for say €2000-2500/m with easy access to the Metro. Am I wrong? I was surprised when I looked at the prices, maybe my sources are inaccurate. But then I discovered Montpellier :-), half as expensive. I've lived in Atlanta, Phoenix and SF/MV/Santa Clara, and no, none of those come close to t…

Post by throw123123123 » Wed, Nov 10, 2021, 2:34 AM UTC

flatiron wrote: post #75

blensor wrote: post #63

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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

The politicians will fight back with work visas and limits etc. protecting domestic work forces should be a primary concern for politicians.