ldec

There is a lot of top Latam talent who want to stay in Latam because of family and culture issues, and also because earning in US$ while working remote from Latin America can provide a much higher quality of life than you would be able to get in the US.

Hi, Lachlan de Crespigny co-founder of Revelo here (my cofounder is quoted in the article). This is absolutely a trend and I really believe it is a massive benefit for the US and for Latin America - more innovation in the US and more good quality jobs in Latam. Once your team is remote, as long as the developers are technically strong, speak English, and work in your timezone, why do you care at all where the person is based? Do you even know where they are working out of? Culturally Latam devs are pretty similar to US devs, they have proven their technical chops with a bunch of mega-success companies built by Latam devs, and there is less Latin senior executives in the US so it is not as competitive to hire as Asia.

1. When this gets too extreme people start to ignore whether it is fair, logical or right, and respond with rage. People who have to close down, or feel poor, while they see a small group get crazy rich don’t care about economic theory, they just feel that something is wrong. Politicians use that rage to get elected and ‘fight for the people’, often implementing harmful policies to please angry crowds.

2. Australia has minimized this problem pretty well by having a pretty unregulated economy but a robust safety net.

Companies use this data to raise the price of items that are mostly bought by people with a lower sensitivity to price.

A famous example is Tesco in the UK that worked out they could double the prices of certain cheeses with no impact on sales volume, because the people that bought those cheeses mostly bought the most expensive brands in other categories (they were probably higher income people).

workers should have freedom to negotiate their own benefits

This is likely where the comment of laws treating the workers as stupid people comes from - Brazilian labour laws are very rigid with an amazing amount of restrictions around negotiating different benefits, working hours, etc. If, however, you earn a higher salary then you fit into a different category of labour laws and are allowed more flexibility. The thinking seems to be "if you earn under this amount you probably didn't receive a good enough education to know what is good for you". Sometimes that may be true, but it is a very dangerous line of thinking.

Thats the level they are already at in São Paulo - people here are giving up their cars as it no longer makes financial sense to have one.

"I wonder if Gates writing this praise was spurred by something" - it was likely spurred by criticism in the economist:

http://www.economist.com/news/business/21645746-warren-buffe...

Absolutely a fantastic tool - well done, and thankyou for existing! Very happy I can depend on you sticking around.

I agree with most of the comments here, but wanted to add that when you are ready, if you are in the US, most business schools have an 'entrepreneurship club' or something similar, which mostly have a group of business-savvy people desperately looking for technical co-founders. The students running these clubs will be very receptive to an email from someone like you.

This is awesome. love it. Thankyou Erik and Shaun.

Good paper, thanks Bowei. It is a great place to be an entrepreneur - despite some of the problems you point out it is also a world of opportunity where you can help solve real problems if you have the right attitude. Also, its a great place to live!