Discussion
I'm based in Poland and I see our jobs are getting outsourced to India, even if their quality is low, even if their accent is not understandable for most, just because labor is cheaping there. Interestingly, I see companies I've worked for losing money and getting penalty for the lower quality. I don't exactly know what makes them keep doing this. I have some guesses, but am not entirely sure. It doesn't make sense for the most part.
In the US, there's a tendency for stocks to pump on layoff or outsourcing news. Extremely short term thinking in fiat systems. Perhaps this plays some role there?
Very probable!
actually been more buyouts which aren't reported as layoffs
Lots of ways for these topics to become clouded. I think it's safe to say that the job market is having problems though. Whatever the causes, things aren't great
Yep... This insane, lethal financialization destroyed my country, its like locusts on bathsalts...
Fiat mindset! :-D
If anything, it's replacing entry level roles, which wouldn't necessarily account for layoffs. Seniors in the fields are just becoming a lot better I think. I suspect we will eventually see problems with newcomers in various fields because they have no place to start. Or, the optimistic case, newcomers will adopt tools that help them set a new, higher standard for entrants. But who knows. I don't think there's any single answer for any of the things going on.
This happened in accounting about 10 years ago to offshore. Huge onshore knowledge gap so you have an entire class of recruits who have zero hands on experience with what theyre managing and probably never will. Some of these people will eventually lead companies...All the actual knowledge went to India.