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Strategies & Market Trends : India Stocks
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To: Cary Salsberg who wrote (418)3/16/2004 1:01:34 AM
From: slacker711  Read Replies (1) of 2517
 
It seems to me that India has chosen to educate engineers to siphon jobs from the US.

India has been educating more engineers than it could handle for decades. I dont think the government has had much to do with this. It was more of a cultural phenomenon. The pressure for a bright student to go into engineering or medicine was enormous. There was zero value placed on going into one of the soft sciences (which might attract a top student in the US). Many of the best of these engineers ended up over here. The rise of the internet has allowed the rest of the world to tap some of the engineers that were left behind.....who were probably underemployed in the past.

One of the biggest risks that I see from outsourcing is that we stop attracting these people from India. Yes, they take engineering jobs in the US, but overall they create far more jobs than they take. The US has been skimming the cream from much of the world's educated work force since the beginning of the 20th century.

Slacker
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