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Is It Sustainable to Pay Based on the Location of Their Workers?
Capital has been globalized ain the last few decades, but wildly accelerated by the pandemic. If tinger globel to day pays american prices with American capital a to invest in an indian pany am, you get a remarkable effect. And i think ther's sort of classic contrast between the tradable and non tradable m sects of t economy. I strongly suspect that we're going to see a world of extreme convergence of inao information economy, jobs wherever they are. But equally, if the wealth number rises and there will be a trickle down, i think we have evidence that that doesn't really work either economically, nor does it work politically.