Then Asian economies will impact... Low cost manpower may become costlier and big companies may not move some jobs out of their countries if manpower cost same everywhere.

Agree!

I dont think it will happen THAT fast. There are levels to the game and getting the SAME results at scale is hard. A Hybrid model with US enployees complementing outsourced devs in a nearshore model is a good intermediate step.

Yeah we’re already doing this at @eco. It’s one of the key ways we can hire and retain the best talent.

Upward pressure on pricing as people can access more opportunities beyond their geography. Downward pressure as the market realizes competing on talent is different than competing for geography. "Value" of an employee is not top-line salary. Value = Salary - Cost of Living.

Does that mean ⬆️?

This is 100% going to happen, very curious how long it’ll take. Especially with so many ppl who are plenty fluent in English.

Yes and no. Yes: people are paying for the same work. Generally means pay will trend downwards to what is currently the global mean. No: Pay is also reflective of local circumstances; rents, food, purchasing power. Hence the big Mac index

There has been opportunity in this for years. You can get a designer in the Philippines for $2 an hour. Why pay an American $40/50?

It’s already having some devastating effects for the communities these well paid individuals are going to, that they couldn’t have otherwise without remote work