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Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (366)	2/29/2004 2:42:27 PM
From: Cary Salsberg	Respond to of 2517

The clueless part is the same as yours. You can't extol the virtues of Indian education and dilligence and then claim that job loss will be manageable. If, as the Andreesen article claimed, $135K EE costs (salary+benefits)in the US are replaced by Indian EEs at $13K, Indians are turning out many technically educated graduates, and the network has made it possible to ignore the worker's location for many jobs, then I don't buy your claims about "worthwhile tradeoffs" and Friedman's claims about low paid, low prestige jobs. I think you are really stretching to find a connection between terrorism and call-center jobs. You are clever in you comparison because terrorism and democracy building in Iraq, if that is what we are there for, is also a stretch. You and Friedman question any need for remedies. I know, if it ain't broke, don't fix it. Logic and data point to real problems that will worsen. The real argument should be about the remedies. I think the network connection obsoletes much of classic economics. Isolationism hurts entrepreneurs, but is necessary to maintain a viable labor pool. It is not acceptable for the US to allow domestic labor rates and standards of living to fall to third world levels. That is the unavoidable consequence of moving jobs to the areas of lowest cost labor when technology makes most jobs portable.