TED Conversations

Giuseppe De Francesco

Owner - Games Designer and Coder, DFT Games

This conversation is closed. Start a new conversation
or join one »

Global economy: how to cope with that?

Here a few facts:

* - There is a huge online market over the Internet with a lot of different escrow websites facilitating clients to meet and hire contractors.

* - Over the last 24 months we have seen an unexpected increasing of excellent professionals from Asia (especially India, Pakistan and Nepal) offering their services online.

* - On those escrow websites the jobs are awarded to the bid providing the best value for money (lowest bid with highest professionalism).

* - Playing the game of lowering the bids, Asian professionals have practically set the price for professional services at a very good level for their countries, but impossible for US and EU people (like 1 month of work for 500USD).

I totally understand the client point of view: why to pay 2,000USD for a service that I can get at the very same level of professionalism for 500USD?

Borderless, free money circulation allows the above phenomenon to rapidly grow, but... what about people that cannot live on 500USD a month?

This is extremely sensitive issue among people working online (like myself) but the extension of this on the actual goods production is also happening here in EU: many companies move the production sites to Asia, winding down EU factories.

What's your take? How do we solve this situation? Is it even possible to think to a solution? Should we go back to put strong money borders with heavy customs fees for sending and receiving money?

0
Share:

Showing single comment thread. View the full conversation.

  • thumb
    Oct 22 2013: I am old enough to remember a time before this free trade stuff when most Western Nations had vibrant, sound economies with low unemployment and decent wages for most. All gone now.

    I doubt we could return to those times but, for me, that is where all the fiscal problems we see occurring around the world today stem from.

Showing single comment thread. View the full conversation.