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

To: shades who wrote (66672)	7/22/2006 10:46:26 AM
From: arun gera	Read Replies (3) \| Respond to of 110194

>Everything I am reading - it will take 20-30 years perhaps before US worker can equalize to indian/african/asian man - hard times ahead.> It is happening faster than that. At the high end in the technology management sector, the actual dollar salaries are converging. Expect to pay $50,000/year for a decent technology manager in India. You can get a decent tech manager between $80,000 to $130,000 in the US depending on location. On a purchasing parity basis, the Indian manager is earning two-three times the US manager. Many senior managers of Indian origin are moving back to India. In India, they can have a driver to drive the kids and parents around. A maid to cook and clean. The gardener to do the lawn. Contrary to what you said, >We can no longer compete with hungry starving lower caste indian in widget manufacturing or online tech support> americans are not doing too badly competing in widget manufacturing or online tech support. But they have difficulty in competing with the hungry lower caste indian in providing a lower $ cost of living for the factory manager and the software developer. -Arun