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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (54375)2/21/2006 11:28:19 AM
From: GST  Read Replies (1) of 110194
 
<India and China are turning out more engineers and scientists than we are. Demand for jobs is high. More graduates than jobs.>

To the extent that there is an emerging global market for talent, your location is less and less of an issue for the employer. For the employee the issue is more complex. If a person lives where the overall level of wages is low (India), then it is more likely that the cost of living is low. In that situation (which is common in places like India and China), then it is likely that the person will have a higher income in China or India, and sooner rather than later.

If I am Indian, would I be financially (and socially) better off making 100k in India or 150k in the US? Chances are, the person in India would have more purchasing power, and hence already has a higher income (measured as what money you have and what that money can buy).
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