Showing posts with label translation. Show all posts
Showing posts with label translation. Show all posts

Thursday, June 28, 2012

Did You Hear That? Translation Prices Are Falling!


Is that cannon fire or is that my heart pounding?
--Casablanca (1942)

Is that the thunder of distant guns or is it the sound of translation prices crashing to the ground?

Wait, no. It’s only the gruesome sound of McLSPs biting, kicking and eating each other alive as part of a massive cannibal apocalypse.

And the bloodcurdling squeals of a million hamsters…

What a dreadful sound!

This is how groupthink works. Nonsense Common Sense Advisory CEO Don De Palma decides that translation prices are falling because of the impact of automation and all those nifty forty-year-old technologies. In an e-mail to one agency owner, he writes:
Even though the industry has reported strong growth overall each year, our previous pricing survey showed that rates went down for nearly every language between 2008 and 2010. Have rates decreased even further from 2010 to 2012? Or, are they starting to stabilize for some languages?
His clients in the Cheap Translation sector shout: “That’s true! I get dozens of unsolicited CVs from completely unqualified people every day!” David Grunwald, for instance, goes on to conclude the following:

Workflows involving MT are being used more-and-more by LSPs and translation buyers. This is cutting many translators out of the loop, causing a glut in the supply of human translation resources. At GTS, we receive  hundreds of applications a month from under-employed translators.

Now, please note two things:

1.- De Palma didn’t actually say prices are dropping. He noted that prices dropped in 2008-2010, but that corresponds to the severest portion of the deepest worldwide economic downturn since the Great Depression. He doesn’t actually say that prices have dropped since then, either. He has equivocated on the issue of prices over the past two years, but in most cases he tends not to cite any concrete empirical evidence that tends to confirm his sweeping observations about prices (or about much of anything, for that matter).

2.- Grunwald adds some empirical evidence: the abundance of CVs from under-employed “translators.” (I can safely say that Grunwald’s definition of under-employed translators is different from mine. I may concede the “under-employed” part, although not perhaps the “translator” part.) For my part, even though my website explicitly states that I am not an agency and I carefully cultivate a gruff, grumpy public persona, I get dozens of CVs from clueless translators-cum-spammers regularly (by the way, if you’re reading this, I regularly mark your messages as spam, which further decreases the likelihood that your e-mails will reach any real clients). I do not think that says much about the “market” but rather about current Internet culture, which tends towards cheap communication, a model that Grunwald is probably better acquainted with than me.

Furthermore, despite the fact that Spain is undergoing a deep, secular recession, I just had the busiest month for a long time and one of the best months ever from the point of view of revenue. Does that mean I think that human translation is booming? No. That is only an isolated data point in a sea of data points. Worse, it is just unstructured anecdotal and highly biased evidence, which is the basis for 90% of De Palma and Grunwald’s outlook.

People need to learn to think critically. Even numbers into which society invests a lot of effort are just vague approximations. Few people know that a figure such as the US jobs number has a margin of error of plus or minus 100,000 jobs or that it is revised continuously for several months after it is released. The quarterly and yearly GDP numbers, likewise, are constantly revised for many months and even years after they are announced. And those are two key figures in which millions of dollars are invested and which depend upon the work of thousands of survey takers, economists, and statisticians. One of the reasons why people should study economics is to be less impressed by the “reality” of big-sounding numbers. Most of the numbers bandied about an industry as tiny as translation are little more than fluff on some geezer’s spreadsheet. And often even less than that.


Sunday, June 17, 2012

How to Be Much Smarter Than Your Dumbest Competitor: Warren Buffett, Commodities, and Translation


On two occasions in which this blog has expanded on Chris Durban’s thesis that translation is not a commodity product, readers have chipped in with analogies from commodity markets. One reader, Rob, brought up the example of chocolate in one comment. Another frequent reader, Gueibor, contributed to the comments by discussing the example of Kobe beef on the meat market. As my readers point out, even these markets tend to break down along relatively complex spectrums. However, to be more precise, when the commodity analogy is invoked, economists generally assume that within the different niches in an overall commodity market, differences within the niche itself are not decisive and the product is undifferentiated. For example, Saudi and Texan crude is much lighter than Venezuelan crude, but within the reduced “light sweet crude” category, a refiner doesn’t care whether he is processing Texan or Saudi crude. And after light and heavy crudes are refined to make, say, diesel, the purchasing manager for a chain of gas stations doesn’t care whether the final product comes from this company or that company. He will only care about the price, since the different products will pretty much function just as well.

The problem with the chocolate or meat analogies is that they take for granted the proposition that is being critiqued. Chiefly, that translation is a commodity. The interesting thing is that even in businesses that are pretty ostensibly commodity businesses, value resides in differentiation.

In general, any player who resigns himself to the idea that he produces a commodity is condemned to compete solely on price. And he will also be condemned to charging very low prices and generating very thin margins. When very unimaginative people run across this criticism, they generally reply with the world-weary wisdom of the businessman that this is how “capitalism” or “reality” works and that anyone who believes the contrary is a doped-up hippie.

Now, I think we can pretty much agree that Warren Buffett is a successful capitalist, perhaps the most successful capitalist of all time. He tends to trade places with Bill Gates and Carlos Slim every year in the competition to see who the richest man in the world is. I think he is far more interesting that the other two. Buffett outshines the other two because he is an interesting thinker and also an excellent writer. He is also a lower-case “t” tech skeptic. All throughout the nineties Internet bubble, Buffett was making little jibes about Pets.com and everybody dismissed him as an anachronism of the “Old Economy.” Yet the successive investment bubbles of the past fifteen years have popped and Berkshire Hathaway is still there, making money for its shareholders while a lot of very bad online investment ideas fell by the wayside.

Buffett has devoted a lot of thinking to the task of identifying a good business. Listen to this little nugget of wisdom from the Sage of Omaha, from a recent compilation of his writings on business: “In a business selling a commodity-type product, it’s impossible to be a lot smarter than your dumbest competitor.”

Buffett, as many know, did not build a fortune by creating businesses from scratch. He made it by buying already successful businesses and making them even more successful. One of the tenets of his philosophy is to shy away from businesses that manufacture commodity products and have low barriers to entry. The previous two characteristics also mean that these industries are subject to fierce competition. What would Buffett say if he heard David Grunwald, the owner of a machine translation company, state the following?:
But I still maintain that translation is a commodity. If there are 10,000 professional English to Spanish translators in the world that are native Spanish speakers, that have a CAT tool, and are subject-matter experts, then one translator is easily replaceable with another. The price for this service is set and is within a specific, well-defined range. And that makes it a commodity. Commodities, like pork bellies, gold and corn are traded in the same manner. And just like in translation, prices go up or down based on availability and demand.
(I once took a course on Saint Thomas Aquinas in which the lecturer discussed a two-paragraph quaestio for several months. I could blog for several months just on this paragraph alone.) Note how Grunwald unconsciously conflates the entire English-Spanish market to the profiles on ProZ. That in itself is very telling. The problem is that his pool of potential translators is not really the 10,000 Spanish profiles on ProZ. It is actually much, much smaller. Grunwald’s pool of potential collaborators is actually people who have profiles on ProZ and look for work by bidding on ProZ projects. If I were Grunwald, I would find it hard to sleep at night. From his constant bitching about translators recruited over ProZ, I suspect he does suffer from a touch of insomnia. Listen to this:
One of the bad things about ProZ is that since basic membership is free, and since no credentials of any kind are required to join, it attracts many incompetent and unreliable translators. An outsourcer can easily get burned on ProZ.
Any person (or animal for that matter, if they can work the Internet) can sign up to Proz.com and claim they are an expert translator or translation vendor. This means that the job poster needs to perform extensive due diligence before selecting the translator/vendor; and even then I can tell you from my own experience that you can get burned with poor quality and/or missed deadlines. And what recourse do you have? Zilch. You may get an apology from Proz.com but nothing more.
All in all, Grunwald’s tone is pretty critical. (I have nothing personal against him and I hope he doesn’t take any of this personally. He has said very generous things about my blog and I confess I find his blog interesting, albeit in the same way you find those Fox shows about animals attacking human beings impossible to not watch.)

Translators who accept a project and never turn in anything? Really? How frequent is that? If that happened to me even once, I would seriously seek another way to recruit my translators, preferably offline. Why would an entrepreneur persist in using this unreliable channel? Answer: because he targets the low-rate area of the industry. Why not pay translators more? Or at least invest in a more careful method of recruitment that requires a higher investment in terms of time and money than the ProZ membership fee? The answer, I suspect, is that the “market” is too competitive and that snooty translators who demand higher rates are living in Cloud Cuckoo Land. To which my response would be: live by the sword, get ready to have your ribcage tickled by a sword once in a while.

Buffett would say that the business philosophy condensed in the quotes above would be rational if the product is indeed a commodity. However, he would also 1) not invest in a business like this, or, 2) if forced to invest in it, he would try to find some avenue for differentiation. (He would also, perhaps, express some surprise that a service is being described as a commodity.) If it isn’t a commodity but you are treating it as if it is a commodity, you are mistakenly condemning yourself to being little more than a roach motel landlord.

In response, the MT Crowd would slap a thick layer of l10n mumbo-jumbo on Buffett, crammed with catchphrases like “crowdsourcing” and “disruptiveness.” I imagine he would chuckle his little Buffett chuckle and go about his business while the cheap providers fight over the meager scraps of the multilingual Web 2.0. And he would be right. Because if technology-driven translation is a commodity service, then you are wasting your time by going to l10n conferences and making polite little comments insinuating to your competitors that they are idiots barking up the wrong engineering tree.

Because if you want to be the King of Cheap Translation, the only road for you is monopoly with a capital “M.” Your only strategy is to get big fast, charge as little as possible, and then buy out all your competitors or drive them out of business by any means, fair or foul. You basically have a to buy a biography of John J. Rockefeller and then hire some mean-looking guys from the ´hood to leave boiling rabbits in your holdouts’ kitchens or hide in bowls of rice in case Butch goes to Indochina. (Incidentally, in commodity markets, technological superiority is irrelevant. Size matters, big time. The biggest competitor, even using worse technology, ends up winning, so it won't be the quality of your R&D and your engineering nerds that will help you win that race.)

Miguel Llorens is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. He has worked as a translator for Goldman Sachs, the US Government's Open Source Center, and H.B.O. International, as well as many small-and-medium-sized brokerages and asset management companies operating in SpainTo contact him, visit his website and write to the address listed there. Feel free to join his LinkedIn network or to follow him on Twitter.

Wednesday, June 6, 2012

Pinterest Uses Employees’ Moms for Spanish Translations


Only two weeks have passed since the official death of the social media bubble, when Facebook’s IPO floated on the wide open market seas and proceeded to sink like a nylon bag filled with a late Mafia informant and a bunch of rocks. However, its ethos of deprofessionalizing translation lives on. The latest shooting star in the social media space, Pinterest, recently unveiled the exciting announcement that, following in the heels of Facebook and Twitter, it also wanted free low quality translations from its user base. In an attempt to be coherent, it decided to announce it with a poorly written blog entry in Macaronic Spanish. This a print screen of the original version:


That prompted a lot of grumbling by Spanish translators on Twitter. For example, aside from the faulty punctuation, a phrase like “Llamando a los favoritos bloggers hispanohablantes!” is just awful.

Seeing the growing outcry, I tweeted (in English) that Pinterest has apparently “done a LinkedIn” (this is a reference to the firestorm occasioned when LinkedIn called for translator members to translate the site for free, a curious request for a social media site that is supposedly designed for establishing professional connections.) As occurs quite frequently on Twitter, my 140-character message prompted a query from a stranger who turned out to be the very Pinterest employee who either wrote or was responsible for the blog post. The ensuing exchange, in all its endearing innocence, is copied in extenso:




 SP text poorly punctuated and written. Text stilted. Hint of crowdsourcing. Social media synonymous with low quality.
 As noted, the style is wooden. "Soporte técnico multilingüe" is a halllmark of not very professional linguists, etc., etc.


At this point, the flustered woman told me that her mom had helped her translate it. However, when she saw my incredulous response, she decided to erase this tweet in which she indicated she had hired a relative for a defective translation (which I think is more than just a little dishonest):



 "You mom helped you translate it"? Are you for real? A serious company should invest a little more than a call to a relative.
 Just for the blog post. I will fix.
 OK, but hire a couple of professionals. I'm sure it wouldn't kill Pinterest to invest a couple of bucks in its corporate image.



Yep, you read right. The Pinterest employee told me that the translations should be fine, since they were done in collaboration with her mom, who is from Argentina (whew! I was worried there for a minute!). Anyway, a few hours later the blog entry had been improved after some input from several colleagues who contributed their time for free (personally I would not donate my time pro bono to a company that is going to crowdsource its translation work and also plans to float for a bilion dollars; investment banks are in low esteem right now, but at least they pay their outsourced suppliers):



This reminds me of the case of Smartling, a start-up that provides crowdsourced post-editing of websites. The problem is that its home page couldn’t decide whether it was in Spanish or English.  After a few snarky Twitter messages, the company corrected the mistake. Pinterest’s case is only slightly less depressing, since after all its core mission is not translation. Just another vignette of the 300-car pile-up that is the translated social Interspace. 


Anyway, I sure hope that Sarah's mom was compensated for her work, regardless of what I may think about its quality. But somehow, I doubt it.




Miguel Llorens is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. He has worked as a translator for Goldman Sachs, the US Government's Open Source Center, and H.B.O. International, as well as many small-and-medium-sized brokerages and asset management companies operating in SpainTo contact him, visit his website and write to the address listed there. Feel free to join his LinkedIn network or to follow him on Twitter.

Tuesday, June 5, 2012

Attack of the Killer Cucumbers: More on the Spanish Debt Crisis and Lower Quality Translation


Barbarino: That thing about the Great French Fry Phantom?
Kotter: You mean the Irish Potato Famine?
—Welcome Back Kotter


The need for speed in financial markets and the deceptive cornucopia of free information create the sensation that everything is available immediately. A parallel phenomenon is occurring in stock trading. As more and more trades are initiated by algorithms at greater speed and greater volume, more and more market breakdowns are occurring. Although no one can say for certain what is happening, at least part of the problem seems to be that computer systems can sometimes be overwhelmed by the amount of data that humans are trying to push through them. What lies in the future is no mystery: more and more speed bumps are going to be put in place by regulators on algorithmic trading to prevent crazy fluctuations. We already have automatic stops in many stock markets when a stock rises or falls too much. The referees turn off the system, suspend the stock, open the engine, and take a look to see what is wrong with the machine.

In translation, such technical fixes are not available. Our capacity to generate the linguistic equivalent of crazy stock prices is limited only by our common sense (always scarce) and the cost of fast machine translation (essentially zero).

In the age of the Content Tsunami, there is still too little information of decent quality available for investors who are interested in a foreign situation. The Internet and machine translation, though, create the deadly illusion that a savvy investor can go beyond the tiny amount of analysis produced by the Financial Times and The Wall Street Journal. Voilà. If you’re an analyst in a tiny boutique investment firm with two years of high-school French and you dated a Mexican girl from Amarillo in college, maybe you can use Google Translate to do the gisting of a few Spanish reports by the Bank of Spain or to parse one of Prime Minister Rajoy’s depressing statements (Machine-Translated Investment Research and the Spanish Debt Crisis). After all, any tiny bit of information (whether accurate or not) is necessary to get ahead of the crowd.

As in many other instances of how the Internet supposedly closes the gap between the tiny boutique firm and JP Morgan, this is a mirage. The big investment bank has a group of 20 or 30 Spanish analysts who speak very good English and are able to provide verbal or written summaries of information that often isn’t even written down. Moreover, these analysts are part of the local old boys' networks that communicate a lot faster and secretively than through the Internet. So when you see a blog such as ZeroHedge trying to beat the market using machine translation, you have to smile a little. 

As I have noted, ZeroHedge is very much invested in the whole foul-mouthed, white-collar macho Wall Street ethos of the cynical tough guy fighting alone in a Darwinian world. With all of ZeroHedge’s gleeful references to regular investors as Muppets diving over the Facebook IPO cliff, you have to wonder how their positions fare when they are caught out by some central bank decision or some European bailout plan because they don’t have access to off-the-record conversations with this Greek minister or that Spanish lawmaker (or even something as pedestrian as decent translations). I am betting that many a bloody Muppet massacre occurs behind the scenes that no one writes about. Maybe some of them are due to cheapo translation. 

In the markets, as in poker, the savvy player knows how to spot the sucker. The saying goes that if you can’t spot him, the sucker is probably you. And if you are using Google Translate for your investment research, the sucker is definitely you.

Now, mind you, even half-responsible people who honestly promote the virtues of automation usually add the caveat three-fourths into their PowerPoint presentation that technology should not be used to handle messages in which nuance is important. In my opinion, investment is one of those fields in which nuance matters (although I always wonder: in how many linguistic messages is nuance not important?)

An investment thesis is not data, after all. It may be based on data, but it is mostly a linguistic and conceptual construct. Allow me to use a very concrete example. Paul Kedrosky is a venture capitalist based in California who writes a popular blog called Infectious Greed. He is a very smart and successful investor who is well-read and writes interesting and funny stuff. But even he is prone to what we might call a naïve application of Lower Quality Translation.  

You may recall that around late May of last year, an outbreak of E. coli was detected in a shipment of Spanish cucumbers shipped to Germany. Normally, this would have been a rather typical spat in which a few borders are closed, European agriculture ministers mutter passive-aggressive insults, and everything is amicably resolved in some summit in which rather more caviar than cucumber is consumed. However, given the sensitivity over the Spanish debt problem, the cucumber problem suddenly popped up in the financial press.

Kedrosky went rooting around Spanish newspapers to see if he could get ahead of the market:
Germany and much of Europe are blocking Spanish cucumber exports on fear of the agricultural product’s connection to the outbreak of a virulent and dangerous form of E. coli. The variant has caused multiple deaths, and worries are increasing, particularly in Germany. 
What are the consequences? From a Spanish paper this morning: 
Spanish agrictultural [sic] trade is 3.8 billion euros, and the cucumber is 10 percent of total exports.
Ninety percent of production is exported.
The source cited is ABC, the more conservative of Spain’s three main broadsheets. The link (which is gone from the Bloomberg archive version I hyperlinked above but which I retrieved from my Google Reader) pointed to a Google Translate version of the Spanish article (the original non-translated version is here). Did Kedrosky link to the MT version because he wanted to be helpful to the reader or because he used the translated version to write his blog post? I really can’t tell you for certain. But one small detail suggests that he might have relied on the machine to formulate an investment thesis.

This is where Kedrosky gets in trouble: “Spanish agrictultural trade is 3.8 billion euros, and the cucumber is 10 percent of total exports.” That is a little ambiguous. If you don’t know the first thing about Spain, is 3.8 billion euros a lot or a little? Moreover, does “10 percent of total exports” mean: A) “10 percent of all the stuff Spain exports” (i.e., a lot) or B) “10 percent of all agricultural exports” (i.e., still a lot, but considerably less than A)? The translation doesn’t really provide any firm answer. But look at the subheading. It states the following in the MT version: “90% of production is exported and cucumber sales abroad suppose 10% of total vegetable.” Which is a mangled (Google Translate) version of this statement: “El 90% de la producción se exporta y las ventas de pepino en el exterior supon [sic] el 10% del total de legumbres y hortalizas.” Aha. So it's 10% not of all exports. Not even 10% of agricultural exports. It is 10% of exports of vegetables (!). But because the unambiguous sentence was mangled in the MT version, Kedrosky fixated on the more badly written--but better translated sentence--that contained a fantastic claim (Note the typo in the Spanish sub-headline and the brevity of the ABC item: this was obviously written at high speed in order to make some deadline or to put something up on the newspaper’s homepage; the figures may have been slapped together haphazardly at the last minute or may have been taken from outdated sources; a bilingual analyzing all of this non-linguistic information might have warned a researcher to dig further.) 

It was actually much ado about nothing. Sales of Spanish cucumber outside of Spain only account for 10 percent of total vegetable sales abroad. That is only 380 million euros, which is a paltry 0.15% of total Spanish exports. That is far from a decisive tipping point in a trillion-euro crisis. 

That little mistake marks the difference that drags you down from being the investor hero that makes a winning cucumber call to being the blogger zero who raises the alarm about a cucumber-fueled financial panic.  

To go from 10% of total exports by one of the largest economies in the world to little over a tenth of one percent of total exports is nothing more than a little nuance. So then: is this use of Lower Quality Translation for gisting justified? Well, I guess it is justified if you get it right. But that is a mighty big “if.” The problem is the frequency with which amateur users (and please note that Kedrosky is a highly sophisticated observer of both technology and the markets) mess up using the technology should highlight the fact that proselytizing in favor of cheap and quick translation can often be tantamount to placing razor-sharp blades in the hands of hyperactive, over-caffeinated chimpanzees. 

Miguel Llorens is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. To contact him, visit his website and write to the address listed there. Feel free to join his LinkedIn network or to follow him on Twitter.

Monday, June 4, 2012

Translation of Ancient Texts: When the Sky is not Blue


Any freshman literature student, whether a classicist or not, is acquainted with Homeric epithets: the “wine-dark sea” and the “rosy-fingered dawn”. They are both poetic figures and mnemonic devices frequent in epic poetry that is composed and delivered orally. Although this poetry is partly improvisational, these formulas allowed the poet to compose complex verses sort of on the fly, which makes his work more similar to the process of assembling a Meccano than solving a 1,000-piece jigsaw puzzle in his mind. 

The problem is some of these epithets are so recurrent, you never think about their meaning. “Wine-dark sea”? Yes, poetic. Yes, evocative. The Mediterranean at night, perhaps? But, come on, in what sense is the sea “wine colored”? But a century and a half ago, William Gladstone (yes, that William Gladstone) discovered that Homer’s use of colors is very, very strange. Oxen are also described as wine-colored (?). Wool is violet. So is iron (!). Honey and faces that are pale with fear are… green. It seems as if Homer was had some sort of weird chromatic perception problem. Gladstone, like many nineteenth-century intellectuals, was a Greek geek, and he decided to catalog all mentions of colors in the two Homeric epics. In addition to all of these anomalies, he also uncovered one incredible absence: not a single mention of the color blue.

Ten years later, a German-Jewish philologist called Lazarus Geiger discovered that the color blue was also absent from the entire ancient canon: ancient Greek texts, Icelandic sagas, ancient Chinese literature, Vedic hymns and even the Bible. Amazingly, not a single ancient culture describes the sky as blue. Experiments have proven that hunter-gatherers can’t distinguish blue from green until they are taught the word. Before that, it’s all green to them (although they—like the ancient Greeks, Chinese and Icelanders—are genetically the same as everyone else). Geiger discovered that there was even a sequence in which cultures acquire words for colors: first, all cultures have black and white, then red, then yellow, green and finally blue. Which creates a gaggle of fascinating conundrums. Did the Greeks see blue? Do children see blue?

For the development of this mystery, listen to this Radiolab podcast (the third section, “Why Isn’t the Sky Blue?” deals with Homer, but I recommend listening to the entire hour-long episode). I’m always recommending This American Life. Radiolab has always come in second in my affections because it is more science-oriented and slightly more baroque in its production (the use of silences, the weird kubrikesque music that marks transitions, etc.). But this edition of the podcast is mind blowing and indispensable if you are a literary translator.



Miguel Llorens 
is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. He has worked as a translator for Goldman Sachs, the US Government's Open Source Center, and H.B.O. International. 
To contact him, visit his website and write to the address listed there. You can also join his LinkedIn network by visiting the profile or follow him on Twitter.

Tuesday, May 8, 2012

My Dinner with Renato


Is that all there is? Is that all there is?

Esto es lo que hay. Esto es lo que hay.

(It wasn’t actually dinner with Renato but rather lunch with Renato, but you know I can’t resist a meta-reference.) Readers of this blog are aware I have a low opinion of Renato Beninatto’s take on a lot of issues. The problem is that the world is a small place and eventually even he read these snarky posts and started contacting me on Twitter and via this blog. I basically pretended not to notice, because some of the stuff he says is so outrageous that it provides easy fodder for a lot of blog posts. But he insisted. He proposed a grand debate. I humbly begged off. My counter-offer was that he should write a guest post on this blog. He declined, somewhat predictably, excusing himself on the grounds of time constraints and that he does not write that well. It was therefore a stand-off. However, he proposed dinner in Madrid as one way out. I acceded, although as I said, I was very reluctant. I knew that once you see pictures of someone’s kids, you can’t really be as sarcastic as you once were. The problem is that if he did’nt exist, I might have to invent him; he’s just that juicy. Nonetheless, I thought at least I owed him a hearing. I knew that he was going to “sell” me. Sell me what, I was not sure. But if he insisted, I could not in good conscience refuse all personal contact. Nonetheless, I felt less like a berobed Alec Guinness going to meet David Prowse than one of those writers in Po-Mo novels where an uneasy author meets one of his characters.

We met for lunch last Tuesday. He was in Madrid for a localization association’s networking event. The conversation was in Spanish, which he speaks fluently. He is a talker (not a huge shock). He was not there to hear me out so much as to clarify his own views. The main message he wanted to transmit was that he is not a carpetbagger. He is a translator who pivoted by several degrees to the business side of things. He launched into a detailed narration of his professional life, from a business and economics degree, to his first job at a consultancy at which he also did translations, to film subtitler (like me), to independent freelancer (like me), to owner of a budding agency in Brazilian Portuguese and Latin American Spanish, to executive for several large “multi-language vendors.” His career spans a period in which translation transitioned from being a cottage industry dominated by individuals and small companies to a slightly less fragmented cottage industry in which much larger mid-caps provide outsourced language services to multinational blue chips. I think a lot of his views are tied to his participation in that transition.

I don’t dispute that he is an experienced translator. Point taken. He is not a carpetbagger. Okay. Most of his views that I have found questionable have to do with slightly superficial ideas about the transformative power of technology. Surprisingly, that subject was barely mentioned during a lengthy three-hour-long exchange. His attitude is that technology is an adjunct and not as central an issue as many think, at least from a business perspective (I think that is just a step away from my own suspicion that translation technology is commoditized, but he did not go as far as saying that). Another surprise is that he also expressed considerable skepticism about crowdsourcing. Furthermore, when I asked him if he thought that translation was a commodity, he did explicitly and flatly refute the idea.

Beyond personal biography, the message he sought to sell me was that “we are not so different, you and I.” I concede we are both Latin Americans of almost the same generation who drifted into translation. We are both typical of a certain, recognizable middle-class type of South American who comes from No-Place, raised and educated in several countries, with two or three passports, two or more languages, and with grandparents who hail from all over the globe. But I replied several times that our views are indeed sharply different, and probably determined by our contrasting positions within the industry. He is a born entrepreneur. I am not. He has probably gambled his life savings on a wing and prayer a couple of times. I am by nature risk averse. He feels frustrated that criticism of business as a dirty thing is unfair. His view is that we cannot and should not demonize companies. I agree with him on that, but that does not mean that sleazy businesses or shoddy practices should not come in for criticism.

It is not so much the facts on which we are divided. It is on the interpretation of those facts.

For instance, he is very enamored of the argument that a call for all translators to try to get into the high-rate sector is self-defeating. He drew a Gaussian curve on a napkin and told me that if everyone in the overpopulated, hamsterized portion of the bell curve jumps into the higher part of the curve, the better-paid freelancers would face increasing competition. In my view, that is a very simplistic way of looking at things. It assumes a perfect, undifferentiated market. In such a hypothetical (and unlikely) case, I still don’t think other freelancers would be my competition. Neither is Lionbridge, which is too large to be interested in the tiny companies I serve. My concern is competition from junky small agencies that are pure intermediaries for a so-so database, or perhaps a junky larger agency such as Transperfect, which is very aggressive in competing at every price level and for every single loose dollar drifting along out there (anywhere). No. I would welcome more translators emigrating from the middle of the bell curve, because I think a rising tide could well lift all boats.

Another challenge Renato posed: Do I think all translators should charge homogenous (and high) rates? No, that is certainly not my view either. A market should be stratified and diversified in order to reflect different levels of service, specialization, and experience. I certainly don’t think someone who just graduated should get the same compensation I get. My view, though, is that the current state tends toward a curve that is far more skewed to the left side of the distribution than is warranted. I see a lot of highly qualified specialists struggling to make rent, or people living with roommates well into their thirties. Not a pretty sight. A slight trend toward the right side of the chart would not be a bad thing, in my view.

Another pointed challenge: Do I think there should be an international brotherhood of translation teamsters demanding standard wages? Not really. First of all, I don’t think it’s feasible in the age of the Internet (except perhaps for interpreters), or even desirable. Rent seeking is not a pretty sight. We have to accept the good that globalization brings in with the bad: the former being access to a worldwide market, the latter being Lionbridge and those annoying South Asian agencies who claim to do “native Spanish.” I don’t think homogeneity is something professionals should strive for. (But even if that were to happen, at least homogenous rates would relieve me from the niggling worry [to which I’m sometimes prone] that I’m competing on price. It would allow me to focus on differentiation.)

In response to the undesired homogenization, I challenged him with this question: What is more valuable for a young translator, to toil for years as a cog in a Very Large Translation Agency for pennies a word, or to forego paid work and maybe get into a graduate program, travel, take a course on specialized translation, or learn another language? He saw no problem with spending your apprenticeship years in the commoditized sector. I, on the other hand, don’t think there is much of a future in working for faceless PMs you never meet or agencies who think translation is a commodity. So that is another major difference.

On another issue, I asked him if he sincerely believed that a translator could deliver 10,000 words a day of high-quality, publishable material. He replied in the affirmative, but I was surprised to learn that it turns out technology has little to do with it, in his view. He confided in me that back in the eighties and nineties (when SMT was not even a twinkle in the eye of Phil Ochs and post-editing was a typo), his output was 7,000 words a day (he described his method as dictating into a tape recorder which would then be transcribed by a typist). My interpretation of this is as follows: A few productivity tweaks, whether from MT or TM or whatever, should suffice to push the profession into five-digit daily outputs. In other words, technology is a red herring. Renato countered by asking me what my output was. I answered honestly that 7,000 words a day was a bridge too far for me, but conceded that I had actually pumped out 5,000 words on many days. With the caveat that I couldn’t do it for more than two weeks in a row before being totally burned out. So you see, slight differences of opinion conceal vastly different views of the profession.

Let me provide another example of differing interpretations of the same facts. Renato said he had once been asked at an event what output a translator could achieve in the future. He had replied with typical bullishness that 30,000-35,000 words per day was a feasible number for a translator in the Era of the Jetsons. I gasped (audibly): “That’s absurd! How could you even proofread that output?!” Undaunted, he went on to tell me that the day after he voiced that opinion, he had logged onto his email to find an advertisement from a leading CAT tool designer in which a translator gave a testimonial claiming that the tool had allowed her to translate 32,000 words in a  single day. Once again, I blurted out: “That person doesn’t know what she’s talking about! Thirty thousand or twenty-five thousand 100% matches do not count as words you translated!” That person was completely misreading a technology she didn’t understand (and the company was more than a little dishonest in publishing the testimonial). You see what I mean about differing interpretations? For Beninatto, the incident is a harbinger of a happy future marked by greater productivity. For me, it is a perfect example of how translators are completely incapable of interpreting technological change. Night and day. Day and night.

Regarding the “quality is dead” issue, he explained that it is related to his view that quality as mere error detection was the wrong view. He complained that the bandying about of his now infamous title was unfortunate (which made me think to myself that perhaps a less “provocative” title would have been in order; you can’t place a huge target on your back, take a leisurely stroll through the Amazon jungle, and then complain that the natives are aiming poisoned darts at you). I agree insofar as it means that the TEP model in which proofreaders add a myriad of useless tweaks (and often typos) is not efficient. However, my view is that such a model can work well in small groups of professionals who work with each other. But scaling up that model to larger and larger collectives or companies was a recipe for a lot of trouble. And, incidentally, for hamsterization, a term that he criticizes as impolite (I would reply that it is far more uncouth to deprofessionalize people, but there you go).

No, our opinions are completely different. I asked him point blank if he thought a translator should compete on price. He said flatly no, that competing on price is suicidal. But I think where he contradicts himself is that he often voiced the parallel message that not everyone can aspire to the higher echelons of the market (which is self-evident and not insightful) and that the lower-rate competitors will ultimately eat your lunch.

To sum it up, I think his career represents an example of the undeniable triumph of the drive to Cheap and Big. However, I think Cheap as a pricing model might not be as successful over the next two decades as it has been over the past two. Cheap is already running into headwinds as the middle class in China gets larger and larger. Look at Latin American currencies. They are appreciating at breakneck pace while the industrialized world deleverages. Of course, the commodities boom will eventually go bust, that is inherent to cycles. But take a look at Brazil’s or Colombia’s international reserves. Dutch disease is deadly for cheap labor. Asians and Latin Americans learned the painful lessons of the nineties (the Tequila Effect, the Samba Effect, and those little episodes known as the Russian debt default and the Asian financial crisis). They learned them rather well.

To illustrate the point, I mentioned the anecdote about the late Steve Jobs and Obama at a dinner party held last year. Obama asked the Apple CEO how the U.S. can bring back those factory jobs making iPads. Jobs replied bluntly that those jobs are gone forever. Beninatto knew the anecdote. His eyes brightened when I mentioned it, but I’m sure that it’s because he misreads the anecdote. He thinks it confirms the superiority of Cheap. But the founder of Apple wasn’t saying those jobs are gone forever because Chinese salaries are dirt poor. His point was far more subtle. Listen to why those salaries will never come back to the U.S.:
Another critical advantage for Apple was that China provided engineers at a scale the United States could not match. Apple’s executives had estimated that about 8,700 industrial engineers were needed to oversee and guide the 200,000 assembly-line workers eventually involved in manufacturing iPhones. The company’s analysts had forecast it would take as long as nine months to find that many qualified engineers in the United States. 
In China, it took 15 days. 
Companies like Apple “say the challenge in setting up U.S. plants is finding a technical work force,” said Martin Schmidt, associate provost at the Massachusetts Institute of Technology. In particular, companies say they need engineers with more than high school, but not necessarily a bachelor’s degree. Americans at that skill level are hard to find, executives contend. “They’re good jobs, but the country doesn’t have enough to feed the demand,” Mr. Schmidt said.
If the FoxConn jobs are fated to remain in China, it is not because those engineers are cheap. They may earn less than American engineers, but their country’s real advantage is ease of sourcing and abundance. And that means skilled labor. It is a dramatic indication that China is climbing up the value chain, just as Japan, Korea, and Chile did earlier. That is something a member of a hamsterized work force is not doing. The anecdote does, unfortunately, also spell the end of the highly paid American blue collar worker, whose elegy is pictured in Michael Moore’s films. But it also spells the rise of something equally revolutionary: the better-paid blue collar Chinese worker and the well-paid, thrifty, and hyper-educated Chinese middle class. More significantly, it also spells the end of something else: the demise of Cheap as the main pillar of international business models. China’s edge is now both volume-based AND strategic. An alert player should pick up his ears, because the times they are a-changin’. That is the real significance of the Jobs-Obama story.

As I assured him over and over, I do not think he is an evil person, but that doesn’t mean that I don’t find a lot of his opinions completely erroneous, if not downright objectionable. Every time I said that, he assured me with a little twinkle in his eye that, deep down, we actually agree on more than I think. I could see readily that he is a born salesman. Perhaps even too good. The dirty little secret about investment banking is that, at heart, it is just sales. A trader, a VP, a guru-economist, even a nerdy quant is really just a salesperson. But at Goldman Sachs, the capital sin was to be “salesy,” which means being slightly too slick for your own good.

So, does the man have horns and a tail? No. Does he smell of brimstone? No. He is a charming, affable person with a big personality. However, if he gets flak from random bloggers, it is probably due to his lack of awareness about the heterogeneity of the audiences you reach now on the Internet. A message on a blog or a video uploaded to YouTube is pushed out to an audience that is difficult to predict, much less control. That will be the case until the Internet becomes a more textured place broken down into apps or dominated by more regulated spaces unreachable via the flatness of the search engine. I told him that. Once again, he completely brushed off this suggestion. However, I reiterate my belief that if you venture out into the Internet, you have to be prepared to be misunderstood. I write a niche blog read by a tiny audience of 200 people, and the variety of reactions always runs the gamut from utterly fascinating to completely baffling. We have to learn to live with that.

So, in closing, I thank him for the invitation to lunch. He was also gracious enough to invite me to the ELIA networking event free of charge a couple of days later, an invitation I accepted. But differences of opinion remain and don’t necessarily have to be drowned in bonhomie and red wine, since they can be insightful. My two main messages, which I would like to reiterate, is first of all that translation will probably come to be dominated by a barbell, with large agencies on one end of the barbell and cottage providers on the other. The contrasting views and philosophies of the two extremes will become increasingly more divergent, a divergence which will on occasion sound rather bitter. That is unavoidable. Secondly, there is an emerging sleaze problem as some unethical companies scale up.


About both of these opinions he was unsurprisingly dismissive. He cheerfully waved them off, like the eternal optimist he probably is. I accept these as very real, like the over-analytical pessimist I am.

We must, therefore, agree to disagree and hope for the best, because—to answer Peggy Lee’s melancholy question with a refrain from funk-salsameisters Los amigos invisibles—that’s really all there is.


Miguel Llorens is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. He has worked as a translator for Goldman Sachs, the US Government's Open Source Center, and H.B.O. International, as well as many small-and-medium-sized brokerages and asset management companies operating in SpainTo contact him, visit his website and write to the address listed there. Feel free to join his LinkedIn network or to follow him on Twitter.