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bigbadfeline | 6 days ago
> Generally speaking, Iām really shocked at how uneducated people are ā programmers in particular ā about how the labor market works, how the economy works, or how anything in the real world works, really.
You provided zero evidence for any of these sins in the comment you replied to. I'm kind of shocked how economists get shocked out of thin air, it seems they make everything out of thin but highly compressed air.
> There's a reason studying humanities is valuable - history, philosophy, economics, etc.
There's a reason why people avoid these - in their present form, they provide zero practical value and even worse, teaching them amounts mainly to shamanistic incantations designed to confuse and hide the truth -e.g. BS about "talent" when the issue is "cheap labor".
_alaya|6 days ago
I was pointing out that capital seeking lower wages is a standard economic outcome and my surprise was directed at how often folks in the tech industry seem caught off guard by basic profit-maximizing behavior. That's just what companies do and they are expected to do so.
Regarding the value of studying economics: it provides the exact framework needed to see past corporate PR. When companies claim they are offshoring for "talent," basic economics gives you the analytical tools to quickly recognize that the real motivation is reducing labor costs.