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Strategies & Market Trends : India Stocks
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To: Sam Citron who wrote (407)3/12/2004 11:00:15 PM
From: Cary Salsberg  Read Replies (3) of 2517
 
RE: "I guess it depends on what you mean by "exploited"."

It is not too hard to understand that illegals from Mexico are exploited. They are paid below what a US citizen would be paid and in many cases below minimum wages established by law. They may be exploited because they would earn even less at home. They may be exploited because, as illegals, the are afraid to complain to authorities about substandard (illegal) working conditions.

The Indian outsourced labor situation is different but not entirely. They are paid below what a US citizen would be paid and they would earn even less in other domestic jobs.

RE: "How ironic that formerly hardline communist regimes are beginning to embrace the benefits of capitalism precisely at the same time that the former free-market capitalists are starting to shriek for protection."

You throw terms around. Why can't over 1 billion Indians keep they own call centers busy? Maybe, because capitalism isn't working very well in India.
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