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

To: Crusader who wrote (37171)	7/28/2005 4:19:45 PM
From: regli	Respond to of 110194

Thanks for the article. The author has a very realistic take from my perspective. However, it is a pity that he didn't address the fact that both outsourcing AND technology are the key drivers in reducing labor costs around the globe. Technology is an enabler not only for outsourcing but it contributes just as much to labor cost optimization. Also, there is significantly more room in developing countries to improve productivity even without noteworthy technological advancement. Improvements on that front will put even more pressure on developed countries wage scales.