Posted on 04/07/2007 7:25:14 PM PDT by Vince Ferrer
Balls?
Sorry, wrong thread.
Bump for later read.
In light of the previous thread, this is rather interesting.
LOL!
Who would have thunk?
Next stop ......Africa.
And I just knew the answer was “common since”
Does that mean India has the equivalent of the DeVry Institute or University of Phoenix?
“hiring the right kind of staff for the right kind of money”
I’d suspect it’s not the right kind of money. That cheap foreign labor now wants to live like the better paid labor in the West.
Most of these people aren’t even employees...they’re temps.
But it does all the way down on the White Collar side because the information flow is two-way. If they are bright enough to be of service to a multinational corporation— in any position from keyboard operator to executive secretary — they are bright enough to charge employers what the traffic will bear.
If some fat-cat American or European manager thinks he’s going to finance his next vacation by screwing the local help, he’s going to find himself very lonely very fast.
Heck, even the McDonald's and Burger Kings in China have been given the word to stop screwing the part-time help. Which is going to make for more expensive burgers in Beijing, but these days, they can afford it.
Interesting
“Yet only about a quarter of India’s college graduates are up to snuff.
This does not mean that slick salesmen in expensive suits will not offer you the other three-quarters at very affordable rates. They’ll even give you two for the price of one! Sign up today, and tomorrow your systems can be messed up beyond belief.
I work for a Fortune 500 company headquartered in Massachusetts. The company is opening permanent offices in India, China, and Russia, and hiring permanent employees there.
Employees in the U.S. get performance reviews/raises once a year. Because wages are increasing so fast overseas, and the job market there is so competitive, employees in India, China, and Russia will get performance reviews/raises TWICE a year!
Salaries are improving so much in India that some of the Indian guys I work with here in the U.S. are talking about moving back.
When market forces are at work, and there is no unethical government or collusive intervention, the result is always the same:
Workers, wherever they may be, will earn what their work is worth. No more and no less.
Adam Smith must be smiling, somewhere...
I don’t know much about the general job market, but my teenage sons have managed to get on the spot interviews for almost every entry level job for which they’ve applied. They seem to think finding a job takes a few hours. So far, they’re correct.
Good point. The free market works.
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