Jobs Lost to India Aftermath 905

It is dropping wrt the Indian Rupee too. But that is NOW -and a result of bad economic health.

Yeah -not surprising, but it wasn't the case a few yrs back.

Yeah -but if you look at affordability of a middle clbutt person, can he afford more than his US counterpart? Housing takes away a large chunk of one's income in the US. Healthcare without a job is hell for americans. We don't have much of healthcare in India either -but medical costs are v low in India. You actually don't get reimbursement from insurance co. for medical treatment that doesn't require hospitalization -because the expenses are so trivial.

No. During the clinton years, the US had a huge surplus and lots of foreigners making a beeline for the US. After the US economy went into recession -the population decreased and lots of people left the US -and the deficit kept rising. Deficits have more to do with economic mismanagement than population growth-density.

It is -because it is still a cheaper location than its western counterparts. But if I had to give you an example -when france changed from francs(?) to Euros -their cost of living in dollar terms got re-adjusted. The USD has-d parity with the Euro -so cost of living across the atlantic remains the same and that mitigates job shifts.

Yes -and the reason why tourists prefer to go elsewhere is also the reason why it costs more to hire people in that country (with a strong currency). Someone known to me in montreal told me that after the french switched to Euros -their summer travel plans went into a disarray. The country is the same, the poverty & unemployment is the same -and yet the relative cost of living has gotten adjusted to make it as expensive to visit-stay as Canada.

regards -kamal