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

To: mishedlo who wrote (28468)	3/23/2005 2:16:34 AM
From: Amy J	Respond to of 306849

Relative to USD: East Bloc: 20% increase at small eng firms India: 20% raises at eng startups; only 10% large firms for eng China: currency est to adjust 7%/year (this doesn't include raises) USA: nearly flat raises. American workers are beginning to look attractive. There might be some reason to Greenspan's devaluation of the dollar - who is to say. I educated some of the local VCs on outsourcing half a decade ago, before it became fashionable to outsource engineering. They were very hesitant, scared, etc. to do so. Outsourcing of engineers just wasn't done back then in the VC world. We were the first they saw do this. My outsourcing was a direct result of spiraling local wages (100k starting salaries for NCGs). This is now under control. I'll probably be the first to hire locally in the USA again. VCs tend to be like sheep - they follow the momentum. RE: "labor costs are 20-1 or 30-1" Your figures don't represent F500 & small firm #s for engineers. They are off by a factor of ten. At our firm, we have an employee that gets calls from people from China where they are so tapped out on management I am of the impression they are willing to pay more than the USA to get this management. Regards, Amy J