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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 (88790)	11/8/2007 10:50:50 PM
From: arun gera	Read Replies (1) \| Respond to of 110194

GST, >As for people working for a handful of rice, perhaps a few weeks on the road in places like Shanghai and Singapore and Tokyo and Bangalore would give you another way to look at things.> 28 percent of Indians live in cities, and about 20 percent of those (7 percent of total) live pretty much similar lifestyle but in less grand scale than average americans. They go to work, do their job well, ride motorized vehicles, have kids who go the colleges. This 7 percent pool is creating demands on commodities and competition from outsourcing. At the high end of this pool, compensations are fast approaching or exceeding in US dollar compensations of similarly experienced professionals in developed nations. However the pool that is below the 7 percent is seeing inflating real estate prices and rents, while not seeing the wage increases. At least 25 percent of Indians do actually work for a handful of rice. They subsidize the top 25 percent who then can live comfortably in wages 1/3rd to 1/5th the US dollar compensations, and pose labor arbitrage opportunities to multinational corporations. -Arun