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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (54367)	2/21/2006 10:52:57 AM
From: mishedlo	Read Replies (3) of 110194

Hi Paul: If you are a research scientist in India and you are competing with a research scientist in America, explain to me why the scientist in India could not earn as much as the one in America -- or more. They COULD in theory, unlikely in practice (for some time). India and China are turning out more engineers and scientists than we are. Demand for jobs is high. More graduates than jobs. Cheap other labor in India and China holds others prices down so the level of pay over there would be exhoribant if the same as US. It would also stop outsourcing cold. Eventually there will be a SLOW (very slow) equalization of wages with US falling and India/China rising but how long that takes could be decades. It does not bode well for the US while it is happening either. Mish

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