Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: westpacific who wrote (17193)	3/21/2002 4:53:15 PM
From: Maurice Winn	Read Replies (4) of 74559

<They will never be able to retire if they count on this system, or they will have to earn massive money and with China coming on the wages will never keep up> True! Contrary to popular rumour [in some quarters] an American is worth no more than an Indian or Chinese [or Kiwi for that matter] unless they have something of value to add. At the moment I'm hiring Americans [and those who immigrate to the USA] to do my QUALCOMM stuff. But QUALCOMM has got CDMA going in China now, including Research and Development. Unless Americans do as good a job as Chinese, I might as well hire all Chinese. What Americans need to do, and our wonderful hero, Uncle Al, has told citizens of Uncle Sam that they need to save. He means they need to form capital. If they don't form capital in great quantities, they will have to live on their labour. With 2 billion Chinese and Indians coming on stream, it is probably not that smart to live on one's labour. Americans [and everyone] needs to accumulate capital if they wish to have a higher standard of living than the cheapest competitors. There are other factors such as the political, legal, military systems which defend that capital - it's cheaper to hire Americans at 5 times the price of Indians because India might steal the capital or simply destroy it in a Moslem conflagration. Anyway, tell your little darlings to start saving flat out or start preparing to work for a lifetime for global pay rates, which will be lower than current USA salaries. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next