Hidden Brain Drain Threatens Argentina’s Recovery

[MilHojas]

Hidden Brain Drain Threatens Argentina’s Recovery

The country’s tech-savvy workers are trading salaried jobs in pesos for off-the-books gig work paid in dollars.

www.bloomberg.com

Skilled Tech Workers Freelancing Remotely Threaten Argentina’s Fragil…

archived 16 Feb 2022 10:24:19 UTC

archive.is

 

[Redpossum]

And this one, though it relies almost entirely on anecdotal evidence, really highlights what is just another form of the first world exploting Argentina's resources. It's not all that different from the US and Canadian mining companies extracting gold with polluting means, and making a fortune while Argentina gets little or nothing out of the deal.

In this case, the first world corporations get cheap labor, and Argentina is cheated of the tax revenue. It's actually more like piracy than a brain drain.

 

[jlynch]

And this one, though it relies almost entirely on anecdotal evidence, really highlights what is just another form of the first world exploting Argentina's resources. It's not all that different from the US and Canadian mining companies extracting gold with polluting means, and making a fortune while Argentina gets little or nothing out of the deal.

In this case, the first world corporations get cheap labor, and Argentina is cheated of the tax revenue. It's actually more like piracy than a brain drain.

and nothing about highly skilled and educated workers *chosing* to get their fair worth in an international environment. The same environment argentine companies export their products and services too.

 

[jlynch]

Two Argentine companies mentioned in the article, Globant has a market cap of $11.00 USD Billion (down 20% from Nov 2021), MercadoLibre has a market cap of $57.21 USD Billion (down 50% from where it was september 2021)

 

[talbur]

And this one, though it relies almost entirely on anecdotal evidence, really highlights what is just another form of the first world exploting Argentina's resources. It's not all that different from the US and Canadian mining companies extracting gold with polluting means, and making a fortune while Argentina gets little or nothing out of the deal.

In this case, the first world corporations get cheap labor, and Argentina is cheated of the tax revenue. It's actually more like piracy than a brain drain.

 

[sts7049]

my engineers make about 1/3 of what their counterparts make in other locations in north america. and they are fully aware of this discrepancy, and many are itching to leave because of it. who can blame them?

at the same time, if we benchmark salaries and pay at the top even of the benchmark, it's still relative peanuts. what else are companies supposed to do?

 

[DK72]

And this one, though it relies almost entirely on anecdotal evidence, really highlights what is just another form of the first world exploting Argentina's resources. It's not all that different from the US and Canadian mining companies extracting gold with polluting means, and making a fortune while Argentina gets little or nothing out of the deal.

In this case, the first world corporations get cheap labor, and Argentina is cheated of the tax revenue. It's actually more like piracy than a brain drain.

Cecilia, you used to work for 2500 USD (an excellent local salary btw), and is earning now 6000 USD a month, is the victim here? She lives like a king now. I only see a win-win-situation as far as her and the company in the US are concerned. If you want to construct a victim, then it is probably the American IT specialist who now has to compete with her Argentine counterpart. So it would be more like Argentines exploiting the US job market.

However, I agree that these freelance jobs are an increasing problem for the state with losses of tax revenues. On the other hand, who would be prepared to pay 70+% taxes (incl pecifying at the official rate) if you can avoid it. I don't blame her.