It gets even better than that: "unfortunately, the economic benefits [of outsourcing to Argentina] started to fail when the Argentine economy started to improve."
> We are in Ukraine now, where the talent pool is abundant and economic conditions are favorable.
They are probably routing for the Russo-Ukrainian War to continue as long as possible. Makes for more "favorable" conditions too. The worst event for them would be if Ukraine joined the EU, with all that pesky labor protection laws.
It’s a little mind blowing to see an atomic version of how business interests end up favoring outcomes that are negative for an entire country. If many of these small businesses end up dependent on low-wages, political instability, etc., it doesn’t seem far fetched to imagine that in aggregate they start institutionalizing lobbying efforts to maintain these circumstances.
This introduces possible outcomes like failed states, and counter measures like authoritarian strongmen to maintain modicums of stability. This can then lead to greater, unintended geopolitical consequences. And it all stems from a bunch of businesses trying to shave a few dollars off of wages...
Not getting any richer. It's just there is inflation, but the exchange rate for exporting services is fixed by the gov at a low valuation (90) vs the actual dollar on the street (160)
Two points:
The war is happening in the Russian speaking part of Ukraine. To that point I'll put everything I have and double down with debt that a westerner would not be able to tell which folks are "Russian" and which are "Ukrainian" in this conflict.
Civilians are getting the brunt of it on both sides. Don't think for a second that Ukrainian forces avoid hitting civilian targets in some display of galantry. It's a brotherly war and nobody wants it.
This reminds me of someone I was talking with about their growing, modestly successful startup. They were bragging to me about how they didn't even have to worry about paying benefits, healthcare, retirement, etc. to their contractors in Mexico.
I said something like "Yuck, who needs healthcare and basic life standards" and he sincerely replied "Exactly!"
Business is full of people like this. If it's not full blown sociopathy then it's definitely a grievous lack of awareness, turning humans into an inhumane abstraction.