alt text: 18 of our 40 employees are located in the Philippines. Insanely competent, great judgement, and $5 per hour. If you run a small business and don't have overseas help you're at a disadvantage
this post was submitted on 21 Feb 2024
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I am not arguing that working for foreign companies does not benefit the individual, if it didn't no one would work for them. I'm saying that foreign companies are essentially reducing the labor force of third world countries. It's good for the individual but bad for the country to be dependent on foreigners for employment.
Also, saying that foreign laborers should be paid the amount that their labor is worth (both the cost of providing the basic needs of them and their family as well as the profit they make for the company) was not serious because obviously that cannot happen in a capitalist society. I am not arguing for capitalism or capitalistic reforms. I don't think companies should exist, I think they do more harm than good in the long term. Etc etc
We all agree this is not good ethically, but you are confused on how the economics work. Foreign money flowing in, and at a higher salary than local average? That's money that gets taxed by the Filipino government, that buys groceries at the corner shop, pays for a local nanny and overall improves the local economy.
Also what are you on about with the reduction of labour force in third world countries? They have unemployment up the roof and no employers by definition, it's a third world country the one thing there's no shortage of is people looking for work