For US white collar I completely agree. And a lot of those white collar workers’ jobs will never come back, lost to automation and work from home, but in India, the Philippines, and Latin America. What happened to US blue collar will happen to the rest.
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What do you guys mean by hierarchical? As for the culture, there's a lot of people that are very loyal to their bosses in latin america and just want to get a stady and safe paycheck. IMO, there's not a ton of startup/dream-chasing activity down here.
I don't know Latino or Mexican culture at all so bear with me. By hierarchical, I mean lots attention paid to authority. In the United States, managers seek consensus and want buy-in from their employees. In Asia, you do what the boss says and that's that.
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There's a ton of small businesses in Mexico which make up for a big big part of the economy down here. However, I still believe there's some similarities with Asia. Best to build this service while giving people some sort of WFH liberty or sense of ownership.pic.twitter.com/bnonvEzzCx
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Pic Translation: 4.1M SMBs make up for 42% of Mexico's GDP and 78% of the jobs. But only 23% of them have access to commercial banking services.
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