View Single Post
  #48 (permalink)  
Old 06-05-2009, 10:03 PM
gapala gapala is offline
Senior Member
Priority Date
:
Jan-03
Category
:
EB2
I140 Mailed Date
:
03/16/2007
Chargeability
:
Cyprus
Processing Stage
:
N/A
I485 Mailed Date
:
08/10/2007
Compare
Join Date: Aug 2007
Posts: 319
gapala is infamous around these parts gapala is infamous around these parts
Default

Quote:
Originally Posted by puddonhead View Post
>>
If the key innovators/management are in/from US - a lot of the profit of this corporation would stay in the US - either in the form of taxes or return paid to shareholders. In fact, I would argue that the intellectual properties (that US would "own") will be more valuable than the value addition from the grunt work in China/India. So your comment suggesting that US is no longer adding any real value to the world economy is probably misplaced.

And what happens if the Lou Dobbs types are successful and US goes down the drain? Well - then all of us are well and truely screwed and the economy, its trends etc become meaningless. The world has many major issues to face in the next 100 years - global worming, over population, depleting natural resources etc. If there is no center of innovation any more (like the current US) - then all the calculations we do about economy and all will probably be irrelevant. When you are fighting for survival then economy does not matter - your next bowl of rice does.
Do not take that snipet out of context.. Innovation, research and development, that you have talked about was in the past. Do you know that Boeing has a R & D Lab in bangalore? So does many globals.. They are already doing modelling and simulation at those centers . When they made it difficult for innovators to get here.. jobs left US to go to innovators.. .Same will happen with Technology soon

By the way, all those your points are valid but will have a negligable impact on Housing market or economy in short term.. atleast until next cycle.. Unless US reform immigration policies for a 21st century knowledge revolution.. create well paid jobs for best and brightest in the world right here.. who can earn, spend and not borrow.. (EB category) ... Housing problem will also resolved... But US is lagging way behind. this is my opinion as Obama Administration has not thought so far beyond providing food coupons, housing rescue and medicare... Based on what is on the card, there will be lot of blue collar folks... nothing on innovation and technology and more Family based immigrants on welfare and low paid jobs... Do you still think, thing of past holds good now?

Last edited by gapala; 06-05-2009 at 10:11 PM.
Bookmark and Share Compare Reply With Quote


3 out of 5 members found this post helpful.