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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (17639)	12/4/2004 10:37:15 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

India, China skill levels give UK the shivers RAJAS KELKAR TIMES NEWS NETWORK[ SATURDAY, DECEMBER 04, 2004 01:13:02 AM] LONDON: Gordon Brown, the UK’s chancellor of the exchequer, unveiled a new strategy to tackle challenges from emerging economies like India and China. The importance attached to the issue is significant as the pre-budget report released on Thursday has India mentioned in it 25 times, along with China. The report states that the rapid growth of large emerging markets, in particular India and China, is shifting the balance of global economic activity. It outlines a broad plan to raise skill levels in the UK, to create a more flexible and productive workforce, which can adopt innovative technologies and enable individuals to move into new areas of work. “This need is reinforced by the rapidly rising skills levels in emerging markets such as China and India,” the report said. more here: economictimes.indiatimes.com =================================================================== These people just do NOT get it. It is not about skill levels it is about the WORTH of those skill levels and what one is willing to pay for them. As I am typing a new thought occurred to me. EDUCATION. It is just too damn expensive in the US. IMO The US does not have a monopoly on brainpower. Chinese people are not stupider than people in the US. What does a 4 year education cost in the US and what does it cost at the best schools in China? Are China's best schools as good as ours? Can the language barrier be overcome in China? If not, why not, and what about India with NO language barrier. Will people be flocking to China at some point in the future to get an education (at far lower costs than what we have here)? Why not? How long before higher education is outsourced to China? What about classes over the internet where people do not even have to move? I am sure we have them now but how good are they? Why not top notch real time VOIP education at very cheap cost from India or China? Why should an education in the US cost $200,000 or whatever the H it costs today? What does it cost today anyway? When I went to the University of Illinois it cost $200 a semseter. Is that UFB or what? The local junior college cost more. When I graduated it cost about $450 per semester I think. (That is tuition not room and board). The upward trend in education costs in the US is NOT sustainable. The trend therefore will end. When? Is it just a matter of time before education is outsourced to India and China? Yiwu, what does an education cost in the best schools in China? Mish