Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (13768)	8/8/1999 6:03:00 PM
From: Nitrous	Read Replies (1) \| Respond to of 29970

>>asymptotically<< One way of saying that two functions f(x) and g(x) are about the same size is to say that they are asymptotically equal: Two functions f(x) and g(x)are asymptotically equal (as x approaches infinity) if the following limit holds: My lord ~~ Oy gevalt, you are one incredible person. I really wish I knew what you do for a living. I am not ashamed to say ..."you are a living legend" Sorry for getting mushy. OT: macromedia (MACR) will be a player in all this high tech soup mix :-)

To: ahhaha who wrote (13768)	8/8/1999 6:30:00 PM
From: Jing Qian	Read Replies (1) \| Respond to of 29970

Ahhaha, Thanks for your feedback. Your article is long and raised a lot of the issues that I am not familiar enough to make a comment, such as American Union going abroad. I agree that eventually Indian or Chinese economy will reach a level comparable to that of the US and intelligent programmers there will be compensated commensurately as that for their American peers. But the fact is, it will take very long before that would happen. Not as you claimed "before long". Most likely more than 20 years before Indian programmers start to demand 150K a year. Therefore this economical inequality will persist long enough to allow US economy to reap the benefit, and to suppress inflation. China will still be concentrated in low-tech industry for at least one more decade. India will remain as AMZN or Cisco's outsource farm for many years to come. Global openness will only serve to suppress inflation rather than otherwise till these economy can evolve to similar level as that of US. You will reach a very different conclusion if you fail to see the time it needs to close the gap of inequality of wealth distribution between nations. Your points would otherwise be valid if time is not a factor and India people are as well-to-do as Americans. You also fail to see that US economy of the next 20 years are hinged on technology innovation, creation and world wide services. The new economy is no longer product based that is so sensitive to price fluctuation of the raw material, rather the new economy is leaning upon increasing the efficiency and reduce tedious labors. By 2005, about half of US work force will be working for high tech industry according to a recent study. US will be the exporter of high tech services, rather than commodities. And US will remain as the magnet for talents around the world due to inequality in living standard and pay scale. 3rd World countries will scramble to make cheap toys, clothing and shoes to be imported to the US market, further stablizing the consumer prices. The same 3rd world countries at the same time will be srambling to pay US huge sums to buy Internet switches and routers, Windows 2005 software. Who would make us rich? The 3rd world countries. They pay us for the technologies and save us money with cheap toys. That's why I agree with "WIRED" that next 20 years will be the sole beneficary of this world economic inequality.