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I Was a Director at Amex When They Started Replacing Us with $30K Workers [video]

8 points by thunderbong

by Havoc

1 subcomments

Given an arbitrage opportunity like that - pay someone 1/3 - corporations will take it. It is in the corporate profit maximization DNA. Keeping american jobs for americans doesn't factor in at all.
Bits and bytes have no borders and the massive pay differentials will equalize over time. Being on the wrong side of that means constant downward pressure.
As someone who is also well paid for staring at computer screens I do worry about this too because there doesn't seem to be an obvious counter. Be good/valuable doesn't work...guess what the competition in 3rd world is trying to be? That's not an edge.

by F7F7F7

0 subcomment

AMEX travel used to be a god send. Particularly when you were away from home. Now you're lucky if you can get someone who gives a sht.
This seems to track with what I've been feeling on the consumer side as a 20 year card holder.

by drecked

0 subcomment

Hey, when American workers decided to spend the 3 years or so they had leverage over their bosses after the pandemic to insist that, well, actually, there is no advantage in working together and in person, and that there is no advantage to having an American college degree, is it really surprising that their bosses then decided, well, if that’s the case, why are we hiring people at 5x the cost we could get someone in a different country?

by grayandwilde

0 subcomment