The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (17650)	2/22/2004 1:04:54 PM
From: Wyätt Gwyön	Read Replies (3) of 306849

sounds like the socioeconomic changes in India will be the most radical since Japan's postwar generation. the country's annual surge of 1.5 million English-speaking university graduates who are on average much smarter than their lazy, overpaid American counterparts. 1.5 million a year is a big number. that's 22.5 million workers in the next decade and a half--and that's just the influx of new grads. it seems that they, combined with the existing working age population, could replace well in excess of the 3 million US white collar jobs Forrester is predicting over the next 15 years. perhaps by 2010, US government jobs will be the most sought-after, since they will be the only ones secured by protectionists. can we expect Anglophonic countries to have lower inflation rates than the rest of the (non-English-speaking) industrialized world over the next couple decades thanks to this huge windfall of low-paid talent?

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