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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-1.4%3:59 PM EST
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To: RetiredNow who wrote (66771)12/22/2004 11:00:12 AM
From: Elroy  Read Replies (2) of 77397
 
I checked into one of the manager positions and they will pay for all relocation costs, will give you a housing stipend over and above your salary for 2 years after arrival, pay for all language skills classes, and your salary won't be cut to move there. The assignment was for 2 years. That's a pretty decent deal.

The above says to me your company can't find local qualified engineers in China, so they need to pay expats to move there. That contradicts the idea that India and China are turning out engineers at a rate of ten to the West's one.

And I don't think there is much to stop the deflation of US wages for a long time. Americans get paid too much to do what someone from another country can and will do for 1/5th the salary. That's just a natural affect of China and India populations entering the world's labor market. But I also don't think its a disaster, the end result is that prices for things will come down (because labor cost will be lower).
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