Internet as wage leveler

[Carl Remick]

The Economist's cover story this week focuses on the failed promises of the 
Internet but offers this upbeat observation: "Even inequality may, in some 
cases, be reduced thanks to the Internet. A computer programmer in Bangalore 
or Siberia can use the Internet to work for a software company in Seattle 
without leaving home, and can expect to be paid a wage that is closer to 
that of his virtual colleagues at the other end of the cable."

I love the automatic assumption that wages will level up, not down.

Carl
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