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

To: GST who wrote (54367)	2/21/2006 10:52:57 AM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Hi Paul: If you are a research scientist in India and you are competing with a research scientist in America, explain to me why the scientist in India could not earn as much as the one in America -- or more. They COULD in theory, unlikely in practice (for some time). India and China are turning out more engineers and scientists than we are. Demand for jobs is high. More graduates than jobs. Cheap other labor in India and China holds others prices down so the level of pay over there would be exhoribant if the same as US. It would also stop outsourcing cold. Eventually there will be a SLOW (very slow) equalization of wages with US falling and India/China rising but how long that takes could be decades. It does not bode well for the US while it is happening either. Mish

To: GST who wrote (54367)	2/21/2006 1:12:08 PM
From: paul61	Read Replies (1) \| Respond to of 110194

It is true the Indian Research Scientist could/should earn as much as the American BUT we are back to his cost of living compared to ours. Even if the American is debt free - he still has utility/commmunications/gas/food - UNLESS he/she can move in with You?? LOL..... paul

To: GST who wrote (54367)	2/21/2006 1:33:44 PM
From: GraceZ	Read Replies (1) \| Respond to of 110194

If you are a research scientist in India and you are competing with a research scientist in America, explain to me why the scientist in India could not earn as much as the one in America -- or more. Maybe one would start by explaining why they don't make as much now. We are a long way from worldwide parity in wages and that is because people in developing countries are a long way from producing what Americans produce "on average" given the capital, infrastructure, education, experience and training each has in aggregate. Americans are sitting on years and years of capital equipment and experience that came before them. The smartest, fittest and hardest working Indian trying to make headway in an environment with a deficient capital base has little chance against a mediocre US worker with the right capital equipment and IP.