> 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)
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.