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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (64465)	9/11/2003 5:44:26 AM
From: Elroy	Read Replies (2) \| Respond to of 77397

its hard for an economy of any kind to deal with that kind of wage deflation Yeah, ok it's hard, so? The Europeans aren't doing anything about the structural issues that make them non-competitive (30 days vacation per year, large pension costs, inability to lay workers off, 35 hour work weeks) which would be "hard" to deal with, and their economies are going down the tubes. If working in a tech firm is only worth $20k per year in India, then the same job shouldn't be worth $90k per year in San Jose. That's just the way it goes. If someone wants to make $90k per year, then get a job that adds enough value and can't be replicated by cheap labor and therefore some employer will pay you $90k. Evidently in a lot of cases tech jobs don't fit that description anymore. Teachers should be paid $90k per year instead of server marketing managers, but teachers only start at $18k per year because of supply/demand. If teachers can deal with it, SUNW and CSCO marketing managers will have to learn to deal with it as well. Elroy