Tyler Cowen: The Coming Shock That Will Transform the U.S. Economy
web.archive.orgNot sure what changed? So before the pandemic companies could not outsource? And why do managers benefits? are they immune to outsourcing?
The great threat to outsourcing is actually software itself. Either an open source library, or a no code tool or a SASS.
Also, the core problem in software is what to build and what is the right architecture, not how.
I think his argument is that this is the first time remote work has gone from some sort of fringe concept to a widely accepted concept. So it's a cultural shift.
If the American middle class gets "hollowed" out, what's going to happen to the stock market?
If your no longer in tech, would you own more tech stock?
Also, if I didn't code for a job I'd probably code in my spare time on a competitor to one of my previous jobs.