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Right? Funny how C-level employees never think they’ll get outsourced. Ten or twenty years from now there will be great CTO level talent founding companies in L
by thisarticle 4y ago
Right? Funny how C-level employees never think they’ll get outsourced. Ten or twenty years from now there will be great CTO level talent founding companies in Latam if they aren’t already. Then the whole company can operate in a cheaper country with lower taxes and benefits. Good luck competing with that in the US.
- isbvhodnvemrwvn 4y agoThey won't because they don't have anywhere near the same access to capital. There is no country even close to the US in this regard, and US salaries in software engineering are the exception, not the norm.
- thisarticle 4y agoHow much capital does someone need if wages are low and you’re building an auto-scale enabled SaaS business without an office?
- joyfylbanana 4y agoI think the macroeconomic trend is that the work is moving slowly to poorer countries. Makes perfect sense, as in US there is a lot of money, it should mean less desire to work and more to enjoy life, meanwhile in poorer countries people have high appetite for money/work. For example in India it used to be only outsourcing, but now they are launching their own startups as well, some quite succesful. Slowly the capital will start accumulating there as well. And that is a good thing, for global inequality.
- moneywoes 4y agoWhy not have the ceo in latam as well? What’s the US advantage?
- junofan 4y agoAccess to capital.
- thisarticle 4y agoSo… have the capital moved. Can’t be that difficult and VCs will make even more money. Win win.
- phil21 4y ago> Right? Funny how C-level employees never think they’ll get outsourced. Plenty C level people know this is the eventual outcome. They just also know that the runway is likely to extend beyond their working career because they control most business decisions for the foreseeable future. They still operate on a relationship basis with ownership/capital while managing the company on a Netflix performance model for everyone else. Those relationships are likely to stay in place until both sides age out of the industry. I've worked with a number of C level folks hired into companies from low cost regions and they have all been utterly stellar. This is coming, just not for the current generation of senior execs.
- 0xB31B1B 4y agoThis is correct. Work like a dog and like you have a target on your back, because you do, and you’ll be safe for as long as possible, maybe even until retirement.
- lampington 4y agoLower taxes? Which countries are you thinking of? (Genuinely interested not a rhetorical question; IME many poorer countries have higher taxes, in percentage terms.)