Re: ShopTalk: Was LDC; is, real life

Tue, 29 Jul 2003 16:42:42 -0700

It isn't so much the cheap labor as it is the superior education and preparation the youngsters are getting in the other countries that are taking our high tech jobs.  60 Minutes or Dateline NBC or one of those news magazine shows did a thing on the Indian (dot, not feather) Institute of Technology.  Candidates for the school, highschoolers, get up four hours before school time to study before they attend classes for the day.    The entrance exams for IIT are extremely hard and since IIT only accepts about 200-300 applicants each year the competition for a spot is just as extreme.  One of the students who was hoping for a slot at IIT had chosen as his back-up and was accepted at Columbia University if he didn't get accepted into IIT.  How good is IIT?  Must be damn good if the runners up among the applicants can look to the Ivy League as the next best thing.  Maybe if our students spent less time partying or bitching about not being able to get a free ride and more time studying the caliber of our graduates would increase and the jobs would stay here where the "qualified" workforce is.  My 2 cents.  T

Kevil, L H. wrote:
Hey you guys,
 
I enjoy your posts about golf clubs because you know what you are talking about. That is not the case when you talk about "exporting jobs" and inveigh against free trade. This is the kind of cr*p you hear from scurrilous politicians trying to dupe us into voting for them.
 
World capital is not flowing to countries with low wage rates, but is disproportionately coming here - because of our skilled labor and management, because of people like you. We benefit from free trade - in fact all participants usually benefit. Here is a good though long article on 'comparative advantage,' which explains the notion and why it is counter-intuitive:
 
 
Here's another perspective dealing with manufacturing:
 
 
And another one dealing with the myth that the trade deficit is somehow a bad thing for us:
 
 
My three cents. Get your cannons ready...I've got the garbage-can lid over my backside.
 
L. Hunter Kevil
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Sent: Tuesday, July 29, 2003 2:12 PM
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Subject: Re: ShopTalk: Was LDC; is, real life

In a message dated 7/29/03 11:31:08 AM Eastern Daylight Time, [EMAIL PROTECTED] writes:


But as offshore workers graduate from basic jobs to more sophisticated
technology work, critics here wonder if there will be high-paying, high-tech
jobs left in the United States.


This is the major problem. We are not talking about American jobs as basket weavers moving over seas! As third world basket weavers get some money, a shack with running water and indoor plumbing and something more than a bicycle for transportation their jobs get exported to another poorer country and they get into destroying the American high tech industries!

Just heard today on the radio that India is attracting Silicon Valley jobs! And I thought that all that could be produced there were cheap hammers, screwdrivers and one time use wrenches along with shirts that shrink in the first wash and colors that run faster than Bin Laden.

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