Like Japan, we have insufficient young people to do the jobs and produce what's needed to support the old.
Worse, the old have utilized money printing and their privileged position to enrich themselves, and in the process it is tearing the country apart, and through economic manipulation force conscripting the young at suppressed wages to pay their debts off (i.e. social security).
Thomas Paine would have a lot of similar things to say if he were alive today, specifically about dead men ruling.
The economics given such lopsided movement cause chaotic disruption and deflate and are unsustainable.
You are wrong insofar as they'll be earning a 10th of the salary. That may happen upfront, but in terms of purchasing power it will reach parity much more quickly given the macro monetary dynamics going on.
When reading history, I could never imagine how bad it would need to get to make a multi-generational citizen abandon their home country and immigrate elsewhere.
I have my answer today. They do so when there is no reasonable path to a survivable future.
There are times where a reasonable person can see and know everything will burn, because there is nothing that can stop it, and the only thing you can do is remove yourself and your family from the path of that burn.
While I agree with your overall point, I don't think the current issue with US jobs being outsourced is due to demographics. I think its simply one of cheaper wages. The fact that they are actively laying off US workers proves that there are existing US workers that can and have been doing the job. They are letting them go though so as to boost their bottom line to drive "shareholder value". This is an entirely self inflicted issue separate from the demographics issue that is affecting the west as a whole. We have more than enough qualified people willing to perform the tech jobs that the companies are outsourcing.
The main issue though is one of demographics.
Like Japan, we have insufficient young people to do the jobs and produce what's needed to support the old.
Worse, the old have utilized money printing and their privileged position to enrich themselves, and in the process it is tearing the country apart, and through economic manipulation force conscripting the young at suppressed wages to pay their debts off (i.e. social security).
Thomas Paine would have a lot of similar things to say if he were alive today, specifically about dead men ruling.
The economics given such lopsided movement cause chaotic disruption and deflate and are unsustainable.
You are wrong insofar as they'll be earning a 10th of the salary. That may happen upfront, but in terms of purchasing power it will reach parity much more quickly given the macro monetary dynamics going on.
When reading history, I could never imagine how bad it would need to get to make a multi-generational citizen abandon their home country and immigrate elsewhere.
I have my answer today. They do so when there is no reasonable path to a survivable future.
There are times where a reasonable person can see and know everything will burn, because there is nothing that can stop it, and the only thing you can do is remove yourself and your family from the path of that burn.