[guitfiddlist]

We represent five percent of the world's population and we have been living large for fifty years.

The rest of the world is catching up with us and we are going to have to compete for the lucrative jobs.

Before we only had to compete against other Americans, now we have to compete against the world.

Being born in this country gives us a huge advantage against others, but it is no longer a guarantee of success.

Nowhere is that more abundantly clear than here in Shanghai. So much so, that you'll be interested to hear that Indian software companies are moving here to set up operations to produce software for Bangalore companies developing outsourced software from the US. I met two Indian engineers last week while doing my gig at a local pub, who told me that Bangalore wages have skyrocketed from virtually nothing to 30K a year, and still - they can't find enough engineers to do the work.

Now, they're coming here to take advantage of Shanghai wages that range from 7K to 14K a year - which are considered primo local wages.

[snowsislander]

I met two Indian engineers last week while doing my gig at a local pub, who told me that Bangalore wages have skyrocketed from virtually nothing to 30K a year, and still - they can't find enough engineers to do the work.

Did those Indian engineers mention which companies are paying $30,000 U.S. dollars per year for directly employed engineers in Bangalore?

[ExitPurgamentum]

So what does it prove?