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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ahda who wrote (19720)6/13/2002 12:00:49 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Darleen, Let us assume the following:

(a) MIT biotechie PhD in Boston gets USD 150k per annum
(b) Qinghua biotechie PhD in Beijing gets USD 7,200 per year
(c) The two compensation points meet at USD 35,000 in 20 years for new graduates, then

... approximately 8% per annum drop in income for new graduates in Boston.

The implications are not very good for housing price, retirement savings, WAT tax surcharge, Social Security short fall, global responsibility funding in this new world of ever increasing productivity rise, internet-enabled, glass-fiber linked, unless you are selling <<engineered fasteners ... at 50% gross margins while pricing 30% to 40% below their US-made equivalents>> in Los Angeles.

Chugs, Jay
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