Jobs Lost to India Aftermath 905
Jobs Lost to India Aftermath 906
Kamal R. Prasad Not necessarily. South Korea sold large numbers of U. S. dollars in...
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.
Jobs Lost to India Aftermath 908
Its not artificial -simply because you fail to see-acknowledge the reality. No -I am not sympathetic. I am agnostic -meaning I do not have the means to distinguish people on...
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.