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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (10686)	3/22/2004 10:01:12 PM
From: Ramsey Su	Respond to of 110194

Just returned from Vietnam yesterday. With no direct flights, the route I chose took me from Hanoi to Taipei to LAX. On the flight from Hanoi to Taipei, 2/3 to 3/4 of the MD90 was packed with Vietnamese, wearing different baseball caps for identification. They are on their way to work in Taiwan, on 3 years contracts. The employers appear to be electronics companies. This group appears to be untrained and uneducated. I have no idea how many Vietnamese are heading to Taiwan in this manner. All I know is that Vietnam, with a population now approaching 80 million, has a limitless supply of cheap labor for Taiwan or whoever interested in importing them. I have no idea how much these Vietnamese are paid. I only know that generic labor, very willing labor, are a dime a dozen at less than $100 per month. Mr. Greenspan, those jobs are not coming back. Time to stop dreaming.