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Why do we call people expats and not rich migrants or something like that?
https://english.stackexchange.com/questions/97835/difference...
Earlier quoted context omitted.
The world will adapt when labor becomes scarce, it will have no other choice. The more scarce labor is, the more pricing power it has. Arguing over “what if AGI” is like arguing about nuclear war and winter. It might happen, but no plans you form for it will survive contact with reality, so there is very little value in spending cycles on optimizing for it.
I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
As a sidenote, the author says he does not like his kids playing "war" in Chinese playgrounds - I wonder how he will feel about the active shooter drills that are now part of every kids life in the US.
Note: I'm not Chinese.
Earlier quoted context omitted.
The world will adapt when labor becomes scarce, it will have no other choice. The more scarce labor is, the more pricing power it has. Arguing over “what if AGI” is like arguing about nuclear war and winter. It might happen, but no plans you form for it will survive contact with reality, so there is very little value in spending cycles on optimizing for it.
I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
Earlier quoted context omitted.
The world will adapt when labor becomes scarce, it will have no other choice. The more scarce labor is, the more pricing power it has. Arguing over “what if AGI” is like arguing about nuclear war and winter. It might happen, but no plans you form for it will survive contact with reality, so there is very little value in spending cycles on optimizing for it.
I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
The party has been making deep investments into the regions and is developing significant political and social capital at the same time that the West is retreating from them, cutting foreign aid, etc.
Earlier quoted context omitted.
I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
This view seems inconsistent. Artificial manipulation is not sustainable in the long term. The ability to continually create conditions that lead to cheap labor is limited and will eventually fail.
It's so interesting to read this perspective since it drives home "the grass is always greener.." for me. I've lived a pretty charmed life in the US for the past few years (like the majority of HN, I imagine) but I find myself longing to move to a country with dense cities, affordable housing in the city center, great public infrastructure and a modicum of agreement among the citizens and China fits the bill pretty g…
Can other expats who has since left, or have decided to stay, share their experience as well?
I never held any fraternal feelings with the country, even though I am ethnic Chinese, nor I had any delusions about making long term plans there.
In my years there, I kept seeing rose coloured glasses wearing American expats. I met Tim Cook during his first travels to China as CEO at some random event in Shenzhen, only to see him regurgitate the official drivel.
Since around 2016, I kept seeing more and more Western high flyers coming to official events there, seemingly trying to network with locals, and only to see them freak out at that.
My regular conversation with them:
- it's a damn communist regime, do your business and get out
- no, it's different! there is no more communisms in China! no, it's state capitalism! no, things will change! no, I have a special plan from EY China expert!
Most of them lived there for 2-3 years, and got out just as I told when the truth hit them. In the end, I outlived all of them there.
China is a communist regime, though a very well doing for some years.
What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful. The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disrupti…
https://en.wikipedia.org/wiki/Communist_Party_of_Vietnam
i wonder how long it will take before we start hearing "i hate the VCP but i love vietnamese people/culture". probably when they get powerful enough to challenge the regional US interest in anything significant.
Why do we call people expats and not rich migrants or something like that?
An immigrant has an intent to settle, an expat doesn't. In America, one could theoretically lose work authorization should he refer or present himself as an immigrant.