Reply #38: The economic solution is [View All]

[Yupster]

for the standard of living of India to gradually rise and the standard of living for us to gradually fall.

Eventually, if it costs a company almost as much to pay someone in India as here, then it's not worth the bother. That's the depressing answer.

The optimistic answer is that we need to invent new industries, products and services fast enough so that we don't care about our old jobs going overseas, because our workers are needed in the new jobs being created. That's how we've always done it and shaken off the loss of our steel mills, garment districts, etc.

Unfortunately, we no longer appear to be a society sprinting toward the new invention and new ideas.

Our schools are generally poor. There's more of a push to get everyone some eductaion than pushing the few trmendous students toward new heights. Companies are spending less than ever before on research and development, and when innovators are talked about on DU, it's usually in the context of how high we should raise their taxes.