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

To: mishedlo who wrote (65392)	7/6/2006 2:53:22 PM
From: GST	Respond to of 110194

<Point blank there is no shortage of PHDs anyway.> This is why it is so pointless to converse with you. There is a global shortage of skilled people. Perhaps you should look at what skilled people are being paid before you say anything silly. As for PhDs, yes there is a shortage of them as well. I was in Beijing recently -- at the better universities, a newly hired professor can now make US $50k to US $60k with no work experience. Ten years ago a Chinese national CEO would have made $8000. Now, thousands of them are willing to pay US $35K in tuition just to attend Chinese university for a year to upgrade their management credentials. You live in a bubble Mish. Their is a global market for talent and it is converging fast. And there is a global market for unskilled labor and it is also converging. It matters less where you live and more where you went to school and what you have done to improve yourself these days. Americans will no longer have a free ride if they can't upgrade their skills.