Jason Phanes

[Jason Phanes @JasonPhanes]

Why are Tech companies replacing US jobs with REMOTE Indian workers in finance and accounting since the pandemic?

Yes, reducing cost is a primary motivator for US companies using IPEOs to outsource accounting and finance jobs to India. Here's a breakdown of the cost advantages:
* Lower salaries: Indian accounting and finance professionals generally earn lower salaries compared to their US counterparts, even for similar roles and qualifications. This wage differential is a significant factor driving cost reduction.
* Reduced overhead: Setting up and maintaining an office in the US, including expenses like rent, utilities, and equipment, can be costly. By outsourcing through an IPEO, companies can avoid these overhead costs.
* Lower benefits costs: Employee benefits like health insurance and retirement plans can be a significant expense for US employers. In India, these costs are typically lower, contributing to overall cost savings.
* Tax advantages: Depending on the specific arrangements and tax laws, companies may be able to take advantage of tax benefits associated with outsourcing through an IPEO.
It's important to note that cost reduction isn't the only reason. IPEOs also offer benefits like:
* Access to skilled talent: India has a large pool of qualified accounting and finance professionals.
* Simplified HR and compliance: IPEOs handle complex HR tasks, ensuring compliance with local labor laws.
* Faster hiring processes: Streamlined onboarding for quicker access to talent.
* Reduced risk: Mitigating legal and compliance risks associated with international employment.
However, companies should consider the potential drawbacks:
* Less control over employees: Compared to having an in-house team.
* Communication challenges: Potential for cultural and language barriers.
* Data security concerns: Outsourcing sensitive financial data requires robust security measures.
In conclusion: While cost reduction is a key driver, it's not the sole reason for using IPEOs to outsource to India. Companies should weigh the cost advantages against other factors like talent availability, HR complexities, and potential risks to make informed decisions.

[Jason Phanes @JasonPhanes]

@elonmusk It's too expensive to have children. And the current regime isn't doing anything to change that.

[Scott R. Grossman @srg444]

Let me get this straight:

Beers before a 10am flight? Typical sight.
Mimosas at brunch? Accepted.
Power-hour martinis at 1pm? No problem.
Pitchers at happy hour? Standard.
Delicious Cab with your steak? Classy.
Drinking by the pool all day? Encouraged.

But a little cannabis in the quiet of the night makes you a f@cking degenerate?

Get real.

[Jason Phanes @JasonPhanes]

@9mmsmg Freddy Got Fingered is hilarious

[Tristan Tate @TateTheTalisman]

I truly believe the act of suicide when you have children is up there with the most evil of sins.

It’s on par in terms of evil with rape and murder.

If you don’t have kids? Suit yourself.

But if you do you’re a true selfish scumbag and will probably burn in hell.

[Jason Phanes @JasonPhanes]

@QuoteJung No. I envy them

[Jason Phanes @JasonPhanes]

@ioangrillo I read somewhere yesterday that crime in Mexico accounts for a $250 billion loss for the Mexican economy.

[Jason Phanes @JasonPhanes]

@pmarca Man, you funded DEI through the whole Tech industry.

[Marc Andreessen 🇺🇸 @pmarca]

You're a 15 second sliding context window with the working memory of a goldfish, your long term memory is mainly fake, and it's a minor miracle you can get out of the door in the morning.

[Peter B @realpeteyb123]

AI is frying people’s brains.

Uber drivers have always been my barometer. In finance, in life, in politics, and in moments of global tension.

Two rides to the airport recently showed me just how bad it’s getting.

First driver was a Muslim guy. Very nice. We start talking about Iran. Then Israeli politics. I told him straight up I disagree with a lot of Israeli politics. He immediately relaxed and the conversation opened up.

Then we get to the Epstein files.

I tell him what I know. He nods along and says of course he knows everything about it.

Then he asks me if I know why the Iran war is happening.

I ask why….

He says because of the Epstein files.

I say alright, I understand the theory. People want attention diverted from it.

Then he goes further.

He says he is shocked I have not seen the real reason.

Trump slept with his daughter.
Yes. That is what he told me.

He knows Trump slept with his daughter and is bombing Iran to hide it because it was in the Epstein files.

I leaned forward and told him that is not real.

He said brother it is there. You just have not seen it.

I asked again to make sure he was serious.
He was dead serious.

His whole circle believes it.

Messed up right?

Second ride.

Turkish driver.

You all know I am Greek so that is always interesting.

I ask his name. We start laughing immediately. Good energy.

He says Istanbul. I say Constantinople. We go back and forth joking.

He says I look like Turkish actors. I tell him they look like me.

I tell him he is probably Greek and should check his DNA.

We even talked about how Western Turkey and Greece would probably be extremely similar societies if politics disappeared.

Great conversation.

Then politics comes up.

Again I say I disagree with a lot of Israeli politics. He gets comfortable.

Then Iran comes up.

He looks at me and says something that backs what I see on X.

He says Israel is leveled.

I say no it is not.

He says yes. Completely destroyed. Like Gaza. The media is hiding it.

I asked him multiple times because I thought maybe he meant heavy damage.

No.

He believes Israel is completely destroyed and the media is covering it up.

The videos he saw online convinced him.

Wild huh? Two separate drivers.

Two different backgrounds.
Two completely different lives.

Both absolutely certain about things that simply are not real.

AI images. Edited videos. Influencer propaganda.

It is creating parallel realities.

How do you question wars, governments, or geopolitics when millions of people are operating on fabricated information?

That is a serious problem.

[Jason Phanes @JasonPhanes]

Based on 2024 data, about 30–35% of U.S. students are considered proficient or advanced in reading according to the National Assessment of Educational Progress (NAEP). For adults, 21% are classified as functionally illiterate, and over half (54%) read below a sixth-grade level.

[Jason Phanes @JasonPhanes]

@elonmusk "Remember that unbalanced force is evil; that unbalanced severity is but cruelty and oppression; but that also unbalanced mercy is but weakness which would allow and abet Evil." 

- Aleister Crowley

[Jason Phanes @JasonPhanes]

"Remember that unbalanced force is evil; that unbalanced severity is but cruelty and oppression; but that also unbalanced mercy is but weakness which would allow and abet Evil."

[Gunther Eagleman™ @GuntherEagleman]

Venezuela
Iran
Cuba

Then California.

[Libertario 🇪🇨 @LIBERTARIOgchg]

Maduro decía tener “una cuentica de ahorro, donde me depositan mi sueldito de presidente, 120 dólares al mes”. Tras su captura, le hallaron 500 millones de euros en Bulgaria; Suiza le congeló 880 millones de dólares y en Miami le incautaron 700 millones.

Tras la eliminación del clérigo Ali Khamenei, en Irán, le descubrieron un imperio de 95 mil millones de dólares. Una investigación de Reuters, revela que usó su tiranía para  monopolizar los sectores del petróleo y las finanzas en beneficio de su familia.

En la sesión extraordinaria de la Asamblea Nacional del Poder Popular del 26 de junio del 2002, en el Palacio de las Convenciones de La Habana, Fidel Castro, dijo: “Toda mi fortuna, señor Bush, cabe en el bolsillo de su camisa”.

Pero, desde 2002, la revista Forbes es consistente en cifrar la herencia de Fidel Castro en 900 millones de dólares, más una isla privada, una veintena de mansiones, una marina con yates, cuentas bancarias en Suiza y una mina de oro.

Hugo Chávez tenía un programa de radio y TV en el que predicaba el Socialismo del Siglo 21, abrazaba niños pobres y ancianos desarrapados; mientras usaba relojes Patek Phillip y trajes a la medida cortados por el sastre italiano Giovanni Scutaro.

Al morir, Chávez dejó, sólo a sus hijas, una herencia de dos mil millones de dólares, 45 mil hectáreas en su tierra natal, Barinas; 17 fincas y decenas de casas veraniegas. Su hija María Gabriela financió por años un coche en varios circuitos de Fórmula Uno.
Rafael Correa tiene un fortuna que sobrepasa los mil doscientos millones que saldrán a la luz cuando lo atrapen

[Jason Phanes @JasonPhanes]

@JakeNomada Guadalajara is amazing. Mexico City has world class healthcare too

[Rage ❉ @ragecvlt]

Do you know how broken a society has to be for people to stop wanting children?

[Jason Phanes @JasonPhanes]

@vividvoid Therapy devolves to a "rent a friend" scenario.

[M.S @MalaakSafa]

I think AI will flood the internet with so much fake and useless content that people will slowly stop trusting it and go back to living real life like it's the 90s.

[Jason Phanes @JasonPhanes]

@JakeNomada Mazatlan is awesome

[Jason Phanes @JasonPhanes]

@SirBylHolte I'm a lifelong Democrat who voted Republican first time and I applaud what Trump is doing