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Agree. Remote work during pandemic has shown companies they don’t need legions of mid- and low-tier white collar workers onshore.

You can hire top tier college educated talent in the Philippines for $30K/yr. They work US hours and are hard working. A friend runs his entire US operations for a $5M/yr revenue company with just one other US-based employee.

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This is a very naive view of the whole thing, unless we have global tax systems this would destroy most places in a generation

I take no position on whether this is socially desirable or not. Just pointing out the direction of travel.

I think it will be the other way around. Wages abroad will rise. Same with standard of living.

Yes, both can be true; one would expect that to happen over time until supply meets demand. It will do to service/clerical jobs what 90s-10s globalization did to manufacturing.

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