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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (47223)	3/7/2009 7:24:33 PM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 220697

ElM, that's good that you have noticed that. <countries that were price out the job market need to compete for the jobs. This points to lower wages in the next decades. They have to compete with Chinese, Indians, Brazilians and Eastern Europeans who earn less money than they do. > I was pushing that line in 1986, when my part of BP Oil was paying BP R&D at Sunbury and Deutsche BP a fortune and it seemed obvious that BP should hire supersonically intelligent women [and men] in China [which was opening up to international economics] to do the work and that it would be worth hiring them at age 10 and paying for their education so that they could do so. At the time, I got some R&D done by a South African university for a fraction of what I was quoted by BP Sunbury. The low bidders should get the jobs because they obviously need the money more than higher bidders do. Mqurice PS: BTW, I quit BP in 1989 when they wanted me to stay in Antwerp to help run their computers/communications/systems, [which was very tempting and right up my alley] or go back to Wellington. We had 4 children and roaming the planet gets tough for them in their teens, so we wanted to go back to Auckland, which we did. [I saw you wondering when we parted company]. Also, I didn't fail to get alternative fuels going. We succeeded, but I was busy shutting them down because they rapidly became uneconomic in 1985/1986 as crude oil did what it does which is revert to the mean of long run marginal cost of production of the stuff or equivalent. BP was very busy with ethanol and a friend who worked for a chemicals company in Antwerp was telling me how good ethanol was and I was telling him it's uneconomic and unless he could get governments to damage their economies by taxation and subsidy preferences, ethanol wasn't going to gain market share any time soon.