alt Hacker NewsAlso, this will result in more jobs being offshored.
Hollywood unions were a sticking point. In 2022 and 2023, following the lead of Netflix and Amazon, most of those jobs moved from the US to Europe and Asia.
Atlanta, which was booming for nearly two decades, which had built dozens of $500M class-A film production studios, is suddenly almost entirely vacant. We went from doing almost all of Marvel and Netflix to being a dead zone. We're at 20% of past volume, if that.
LA was evacuated of work even more precipitously.
It's all in Ireland, the UK, Eastern Europe, and Asia now.
Gaming is next. The Saudis and Chinese are chomping at the bit.
edit: fixed the idiom, thanks frmersdog
Replies
*chomping at the bit.
Ironically, China has also proven that you can't easily import expertise. At best, you can "steal" it over a long period of being the current industrial center's gopher.
I work in a bank with collective agreement and three trade unions. We are dropping offshore contracts before we lay off people covered by collective agreement.
The bank simply can't lay off people at all without drawing up the plan together with the unions.