“Off-shore your dog and you’ve off-shored all the world!”
That flips the script on the remote-work question: How are you gonna get ’em back to Paree, after they’ve smelled fresh air? You won’t. Instead of continuing to try to make that beehive disease vector of an office work – situated, as it is, amidst a newly-police-demoralized warzone – when employers wake up and embrace the actual “new normal,” the whole world changes.
Intellectual capital is now transnational, or it soon will be. California fears Texas, but Texas should fear Uruguay or The Philippines or the vast and hugely anglophilic subcontinent of India.
Commercial real estate is now transnational – and immensely redundant.
Residential real estate is now transnational. Ex-pat retirees have known this for decades: Living elsewhere on an American income makes for a nice life. Wages will flatten, but now you don’t have to retire to live in paradise.
The Full Uruguay is already here, at least within the U.S. But it’s here, too, in all of the casual off-shoring already underway – and in the digital nomads who have been working this way for years. Elon Musk promises anywhere-internet, along with the power to drive it. ‘Knowledge workers’ can now work from anywhere, including Montevideo.
Call it globalization-by-internet, The Full Uruguay will tend over time to flatten wages and housing prices – as it craters the value of office space.
Incredible homes can be yours cheaply, but you must act soon. 😉 Meanwhile, consider that you now face global competition from people much better-prepared than you – who are willing to work for much less. Plan accordingly…
In other news:
Housing Wire: CFPB proposes foreclosure ban until 2022.
Fox News: Portland police look for exit, say they’re ‘burned out’: report.
The American Mind: Permanent Racism.
The American Mind: The Left’s War on Free Speech.
Justice Clarence Thomas: Roadmap To Reining In Social Media Giants.
City Journal: Learning to Thrive: Catholic schools will have a chance to grow when the pandemic subsides.
