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if you are smart and from a poor country, read this
companies from developed countries outsourcing labor to poor countries is not a new thing. nike has been producing its shoes in india or bangladesh for decades. this is an arbitrage for nike. they get the same quality manufacturing services for a fraction of the costs
this is NOT an arbitrage for the nike sweatshops in india. these employees work for subsistence level wages under harsh conditions. even though they work for a rich country, they get none of the upside. and that's because they are performing low skill labor that can easily be replaced
if, however, you are highly skilled, you can take infinite advantage of the global labor market
every single company would prefer to hire someone with the same skills for much lower costs and they would be very willing to pay someone with exceptional skills a US wage even if they live in nigeria
let me give you an example:
anyone can become good at marketing. you have 0 infrastructure costs and there is enough knowledge out there for free that you can educate yourself fully
currently, crypto companies overpay for marketing roles because the quality of marketing is so bad in crypto
if you are from a poor country like congo, i would just become an expert in marketing in crypto, build up an influencer account, ask 3 - 5 of my friends to join me and build up some accounts as well and then apply to US companies for marketing jobs. if you can train yourself or your friends to be a great writer or researcher, you can demand even higher fees
the global competition is low, the barrier to entry is low and the demand for highly skilled talent is very high and payment is solved via stablecoins
the biggest opportunity is probably in AI as this field is so new. since everyone is new to AI, you have less to catch up and if you become an expert here, it is your guaranteed ticket to wealth if you are from a poor country. guaranteed.
lastly, the people who will suffer most from the equalisation of the global workforce are europeans. europeans are not willing to work hard and most of them are also not high skilled. they will be outcompeted over the next years by the high skilled people of poor countries
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