Ive heard I can save 40-80% by choosing a worker from an emerging economy. What are the pros and cons of employing this type of worker?
It’s true that workers from emerging economies are often happy to do the same work for 40-80% less than a worker in a mature economy. These workers pay substantially less for rent, food, goods and services as people in mature economies, so it can be a mutually beneficial economic deal for both parties. However, these same countries do not offer the intellectual property protections that mature economies do, which could be important to you. Additionally, there are other factors to consider. Below are the pros and cons of each type of worker, so you can choose the best for your situation. Emerging economy (includes most countries. Examples: Romania, India, China, etc.) Pros: • Cost: Price charged is often 40-80% cheaper than a worker from a mature economy. Cons: • Legal: If your project involves intellectual property (IP) that you need to protect, the worker’s country may not have any laws that are enforceable to protect it. As an extreme example: an unethical worker might try to resell
