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

To: Elroy who wrote (316383)	12/22/2006 1:16:13 PM
From: tejek	Respond to of 1574485

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? I believe that the process that's been in place for the past 50 years, where countries go from raw material providers to commodity manufacturers to more technical manufacturers until they reach the US level of research and development continues to be in play. S. Korea, Taiwan, Hong Kong, Singapore and Japan all went through that process and now countries like Thailand, Malasia, India, Brazil, Costa Rica and China are in varying stages of that cycle of growth. Nothing can take away the brainpower of the US so long as we continue to provide a decent quality of living. And if the brainpower doesn't go, then the salaries don't decline. I think the fears generated by outsourcing are temporary. In fact, in the past few months, I have read of two medium size companies that are bringing back outsourced units back to the US from India.