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

To: bentway who wrote (28387)	3/19/2005 7:46:11 PM
From: 10K a day	Respond to of 306849

good one! bring it! i'm thinking outsource pentagon!

To: bentway who wrote (28387)	3/19/2005 11:14:24 PM
From: Mike Johnston	Read Replies (3) \| Respond to of 306849

Chris, Outsourcing is simply a way businesses cope with high inflation. 15 years ago an engineer right out of school would earn 35 K per year, with few years experience he would pull in about 50. That was enough for a very comfortable life. One could buy a decent house for about 150K back then. Would there be anything wrong if wages and house prices right now were exactly the same as 15 years ago ? For one, there would be no outsourcing to India on a scale that exists today. Nobody would outsource a job to save 10K. However, it would be mismanagement and stupidity to pay somebody 150K for a job that can be done for 20K somewhere else. Continued inflation will only accelerate outsourcing of jobs. Simply the US economy is becoming less competitive. Will a US based software engineer accept a 50% pay cut ? Not very likely. After all how can you expect an engineer to live in a "tool shed". What would be wrong with house prices being the same for 10, 20, 30 years ? To me it would mean economic strength,stability and a stable or rising standard of living. Of course 90% of population is clueless, they have been brainwashed to believe that rising house prices are not inflation but "wealth".

To: bentway who wrote (28387)	3/20/2005 2:21:37 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Outsourcing Lawyers would increase the screams...

To: bentway who wrote (28387)	3/20/2005 7:37:50 AM
From: Tradelite	Respond to of 306849

wow, couldn't agree more with your observations! <<The President tells me I should go to community college and learn a new skill. His trade people say that outsourcing is good. The congress seems concerned with Terry Schiavo and steroids in baseball.>> Wasn't aware when I went to the voting booth that my elected representatives would be focusing on Schiavo, McGwire, Palmiero, Canseco, et al--all of whom either have more money than God or whose families have more money than God to pay lawyers to support their positions? What are these cats thinking when they're supposedly "on the job" for taxpayers on Capitol Hill?