Silicon Valley lessons--decline of the West?

TalkBack 1 of 12:

Next »

• Thread View
• Flat View

Incorrect.

The dropping us dollar is not a detriment to acquiring a good research staff.

The reason we are not producing scientists and engineers in the US is that the degree costs tens of thousands of dollars and you graduate to find you are competing with people happy with what we consider poverty wages.

If China stopped artificially holding down their currency, their currency would appreciate by double against the dollar.

Then instead of being able to hire a room full of scientists at $20k a piece, you'd have to pay $40k each. Compare that to the US scientist who reasonably has to expect to make about $80k to pay for college bills.

The sooner the dollar drops, the sooner this artificially depressed costs for programmers, scientists, doctors (Hair transplants are 2/3 the price in India for the same quality here- you can fly there, stay a couple weeks and return and still have spent $5k less), and all other "brain" types equalizes with the US.

Sure, we won't be able to get cheap chinese computers any more. But we'll have jobs.

Posted by: maxo_z   Posted on: 04/07/05 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• Virtualization: Architectural Considerations And Other Evaluation Criteria VMware Of the many approaches to x86 systems virtualization available in the ... Download Now
• Five Steps to Determine When to Virtualize YourServers VMware Server virtualization isn't just for big companies. Entry-level ... Download Now
• Three Steps You Need to Know to Stop Data Loss Varonis Sensitive data exposed to misuse or loss... it is the stuff of nightmares ... Download Now