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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (316301)	12/18/2006 6:01:32 PM
From: bentway	Read Replies (1) \| Respond to of 1574483

"I don't understand why globalization is not effecting their salaries." Because globalization hasn't hit the ranks of management yet. Management improves the bottom line by replacing American workers with foreign workers and the stock price goes UP. At first, it was only factory workers, now it's engineers and information workers - really, ANYTHING that can be done remotely. Eventually, the darwinian competition for the absolute lowest labor cost will get the management too. Who'll be the first board of directors to realize the tremendous cost savings to be had by offshoring management?

To: tejek who wrote (316301)	12/19/2006 2:44:56 AM
From: Elroy	Read Replies (1) \| Respond to of 1574483

In fact, upper mgmt. salaries have been growing by leaps and bounds. I don't understand why globalization is not effecting their salaries. The new entrants in the global economy are primarily low end laborers, not upper management types. But who knows, maybe in 30-60 years there will be pressure on upper management salaries as China and India are able to provide loads of experienced Executive VP level employees for $60k per year? It doesn't seem that unlikely. Somebody in India is managing people now, 50 years from now there will be hundreds of thousands of experienced senior management staff, so IBM will employ them for $60k rather than some guy in Armonk, New York for $260k?