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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (9185)	2/24/2003 9:43:22 PM
From: Les H	Read Replies (2) \| Respond to of 306849

India seems to be getting the service jobs. IT, accounting, call center, telecom, and so on.

To: Wyätt Gwyön who wrote (9185)	2/24/2003 9:45:29 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I could be wrong but I think its the red tape the indian gov't adds to setting up shop that makes india more expensive than china. The people are not more expensive. However, in areas where language is a requirement (which includes software for the time being) indian workers are preferable to chinese so the excess cost of doing business is a small price to pay. Thats my understanding, if anybody knows otherwise please correct me. L

To: Wyätt Gwyön who wrote (9185)	2/25/2003 9:10:05 AM
From: Jack of All Trades	Respond to of 306849

I hear it's two reasons, gov is more corrupt and infastucture.

To: Wyätt Gwyön who wrote (9185)	2/25/2003 9:22:45 AM
From: Amy J	Respond to of 306849

Hi Darfot, RE: "why don't we hear about manufacturing jobs going to India instead of China? are the wages too high in India for mfg? " ------------------------------------------ Wages are actually lower in India than China, however, India doesn't have the infrastructure. How do you set up a mfg plant, if the elec & water supplies aren't reliable? The cost of a down plant can exceed the cost savings. India does service (because of the English language), while China does mfg. India has more bribery it seems (hire my brother and I'll put your paperwork for a phone on the fast track), but China seems to be possibly more aggressive over IP acquisition (seemingly investment fronts for gov't access to US technology.) Unrelated to that, go to one top high-volume assembly house in the USA, and you'll find an employee trying to shift the business to his contacts & investors & gov't contacts in China, away from his employer. I personally can't do business with someone that tries to take business away from their own employer. Ethics. India had some huge problems in the real estate business. There was a very highly respected, very honest and hardworking person that was a first-time (naive) real estate investor in a building located at the edge of a large city in India that had his life threatened. He was desperate to find space (space is very limited in large cities in India). And there was this business construction company that owned land in this large city and the construction owner approached people looking for space and said he was going to build a 6 story building and then sell the space and return a profit to the investors. The investors gave him some of their honest, hard-earned money so he could start building, clearly not knowing that this construction company was absolutely corrupt & dangerous. When it came time to collect their money after the units were sold, the owner of the construction company threatened to kill the investors. The scary thing is, the threat was real, not a bluff. This kind of stuff doesn't happen in the USA. The investor ran away from the situation as fast as possible, keeping his life in tact, but losing everything he put into the building. The construction owner also had the local police bribed, so citizens couldn't find any protection with the local police who just let it happen. And if that isn't truly scary enough, later on, there was a belief that this construction owner was bringing drugs in from Karashmi (sp?) via his construction business (through the building materials that he brought in from Pakistan or Karashmi to India) and that somehow this construction owner's money was some how connected to terrorism - something about inciting students in Pakistan (or Karishmi ?), getting drugs from the students, and transporting drugs to India via the construction materials imported to India. It seems like that belief may have been true because several months after Danielle Pearl was killed, the government put the owner of this construction company into prison. The Bush Admin has definitely cleaned things up in that area. There seem to be some truly scary things in the world that we fortunately don't have here. I'm not in agreement with our approach with Iraq, but one definitely has to give Bush a lot of credit for cleaning things up over in Pakistan/Karashmi/India. The worst fear real estate investors have in the USA is, "when will it crash?" Regards, Amy J