The Surprising Truth About Nicaragua's Job Market 🇳🇮

Viewer questions, lets dig deep into a solid understanding of what it means to not want to work in Nicaragua, how immigration differs between the global north and the global south, the differences in investing and working, working in a place versus from a place, tax advantages of labor arbitrage, employment market rates, why investing in Nicaragua is hard and so forth. Had to trim the comment as it ran over YT length. @raku5219

#nicaragua #expat #relocation #investing

   • Why People are FLEEING Canada  

16 June 2024

https://www.buymeacoffee.com/scottala...

... I am puzzled by a few things in relation to this discussion because everywhere I have traveled, I've seen migration and new chapters of life unfolding for those who came from somewhere else. People everywhere have always and will always creatively create work opportunities where they find themselves, to meet their basic expenses. This is natural and reasonable. These efforts and contributions have shaped our past, present, future and insisted on every place being to adapt and evolve with the movement of humanity over time.
To stress how unnatural or unethical doing any work in the country is for a long term resident who lives in and is part of a Nica community, is a little confusing and I can't imagine the same directive being given to a Nicaraguan or any other immigrant trying to create a new life far from their original home.
For many who settle in the country, it seems that creating work in Nicaragua has been one of the best decisions that they made. What about the examples you know of or you've spoken of in the past where people who moved to Nicaragua and made local work opportunities that were positive such as your recent profile of the Canadian who built vacation rentals? You've mentioned different owners & operators of restaurants & bars that seem to be popular and successful, as well as hostels, English speaking (or other language) tour guides, experience curators, etc...
You yourself, a confessed workaholic have several jobs and businesses in the country that you enjoy. While they don't bring in an income that for your expenses and with your special skill sets, could match what you could make in another country, you also hope they will continue to increase to be more self sustaining, right?
A specific example is your new line of work with tourists curious about the country and possible relocation. You charge a few hundred bucks a day for these guiding/tour services. Yet you're still taking about how much a person (or a doctor) should expect to make in a year there. It's a good idea for some but a bad idea (or even morally wrong) for another who wants to do something similar or different in their own way? While these relocation services would exclude almost all Nicas, for a few affluent visitors this opportunity will seem affordable. And presumably, for those involved, this is a win-win. So it's a little confusing when you argue that every job takes away that potential job from another resident of the country who may do it differently or not at all. Isn't this also true for the restaurants and other businesses you own/operate? What makes your personal exceptions so exceptional?
Personally, I would like to hear more about a future reality that I resonate more with. I appreciate hearing about and from the shining examples who were once visitors, fell in love with the country, wanted to stay and figured out how to make it work WITHOUT working remotely online.
Working and teaching remotely and synching to time zones on the other side of the Pacific with opposite work times doesn't seem as healthy for a long term situation in Nicaragua. What resonates for me is the idea that an individual with expertise, passion, and a love of the Nicaraguan country can actually support the local economy and meet their basic expenses at the same time by creating work opportunities for themselves and eventually others that make sense and bring value to those involved......

Chapters
0:00 Intro
5:00 Why Immigrants Go North
12:40 Why Immigrants Go South
13:51 No Jobs in Nicaragua
16:58 Context of Migration
19:00 Why the US Requires Illegal Immigrants
22:59 Ask Current Immigrants
24:54 Goal Level Thinking
25:24 Ethics of Working
26:39 Why the US Lets You In
28:39 Why Nicaragua Lets You In
30:26 Tax Incentives
34:00 Golden Rule
36:56 Respect Yourself
38:08 Where are the Foreign Workers
39:10 Investors Aren't Workers
42:43 Businesses That SEEM Profitable
50:30 My Jobs in Nicaragua?
56:31 Hope Your Businesses Increase
58:54 No Relocation Business
1:03:12 Markets Set Income Rates
1:10:25 American Jobs Are Not Nicaragua Jobs
1:11:08 Aren't Businesses Just Like Jobs
1:15:00 A Resonant Future
1:16:07 Stories of Success
1:16:36 Jumping the Shark
1:27:43 Nicaraguans Leaving for Jobs
1:28:51 Nicaragua Wants to Expand Tourism?
1:30:25 Tourism Benefits from Foreign Employees?