The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: mishedlo who wrote (65443)	7/7/2006 2:27:17 AM
From: rayok	Read Replies (1) of 110194

"Is there a shortage of engineers in India? Probably is and the reason is simple. Their pay is 1/10 to 1/3 ours and we can outsource at will at those differentials. In a sense a shortage of skilled workers in Asia simply reflects pent up demand to kill more jobs in the US." Will there ever be wage parity? Will Indian/Chinese wages increase, or do American wages decrease, or some combination? Will Indian/chinese wage inflation, counter U.S. wage deflation? Will increased Indian/Chinese purchasing power cause increased demand for some type of U.S production, possibly leading to U.S. price inflation, because America finds it easier to complain, and print lots of paper promises, rather than produce? I wish to hear more of your simple reasons.

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