Ho Chi Chinaman makes $125 A Month
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Con_Alma
How he feels isn't impacting at all with regard to the market value he will bring.Footwedge;838951 wrote:With the evergrowing advancement of the technology and the internet, it's not a matter of if...but a matter of when......when many legal matters are solved by Indian lawyers dragging the professional wages way down to what the "international market" will bear.. You gonna be OK with that in let's say....10 years from now?
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gutI believe the average rate is now $256 a month, and they are targeting a 15% annual increase thru 2015. Not that it changes anything much, but there is rampant growth in wages there but a long ways to go to parity, which for the jobs we are talking about is probably closer to $1500 a month.
And if the yuan was fairly valued, that's maybe another 15% so we're talking @ $300 a month. -
Footwedge
So, I take it that you have come to terms with the reality that 20-25% unemployment or more in our country is inevitable...and there is nothing that can be done about it. In the Constitution, it states that the government is responsible for passing laws that improve the general welfare of it's citizens.Con_Alma;838942 wrote:There's no question in my mind that they middle class will be brought down some. They already have. That's the impact of a growing global market as opposed to one dominated by the US.
That wasn't going to be stopped.
The value of the U.S laborer is less.
Since our inception, our law makers have pretty much always charged a certain percentage of tariffs on imported goods. It started during the revolutionary war....and believe it or not....is still going on today....but only for certain selected industries.
By and large....tariffs should be minimized by countries that have the balance of trade strongly in their favor (China) which has a huge foreign trade surplus. Conversely, tariffs can...and should be raised for countries that have a huge deficit in foreign trade. (the US falls into this category).
And then, as the author states, corporations can and should be penalized tax wise for taking their efforts offshore...and conversely rewarded tax wise for remaining here in the country where they laid their initial stake. I would have no problem at all in reducing corporate taxes to zero...if that what it took to rebuild smokestacks in the US. By doing so, America would once again enjoy the fruits of 3-5% unemployment....which in turn would fill the coiffers of the present day devoid of tax revenues...without having to raise the tax rates.
Corporate America and Political America are A-OK with fighting wars that are totally unnecessary with bullets and tanks.....but when it comes to fighting an economic war...these same 2 groups are as limp wristed pussies as it gets. And the continual descent into 3rd world status continues....unabated. -
Footwedge
Ho Chi Chinaman will have LJ's job in weeks....not years...it's inevitable. And without protection, your ass is in deep doodoo too.justincredible;838960 wrote:The OC mods bring home more than that a month. -
justincredibleFootwedge;838989 wrote:Ho Chi Chinaman will have LJ's job in weeks....not years...it's inevitable. And without protection, your ass is in deep doodoo too.
No, it's not. I actually have no idea what this means. -
Footwedge
The market value that he brings will diminish as the technology field continues to grow. I don't think FFT or anyone else that shelled out 200K in order to practice law here in the states will be very happy when the American Bar Association changes it's name to the International Bar Association....and their annual income drops from 175K to let's say.... 30K.Con_Alma;838962 wrote:How he feels isn't impacting at all with regard to the market value he will bring. -
Footwedge
The comment was intended as being a joke, complletely tongue in cheek, Justin. Sorry.justincredible;838990 wrote:No, it's not. I actually have no idea what this means. -
justincredibleGotcha.
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Al BundyFootwedge;838997 wrote:The market value that he brings will diminish as the technology field continues to grow. I don't think FFT or anyone else that shelled out 200K in order to practice law here in the states will be very happy when the American Bar Association changes it's name to the International Bar Association....and their annual income drops from 175K to let's say.... 30K.
Our laws are set by lawyers, so don't be surprised if they find a way to take care of their own. -
Footwedge
Not according to the links that I provided...although I will concede that some of the links may be somewhat outdated. But it's more than just wages....it's working conditions, lax safety laws, and it also includes complete lack of concern regarding environmental issues. Today, the overtaxed Chinese factory workers have had a pretty big spike in their suicide rates. Are the Chimese factory workers nothing more than an "expense" on a balance sheet?gut;838980 wrote:I believe the average rate is now $256 a month, and they are targeting a 15% annual increase thru 2015. Not that it changes anything much, but there is rampant growth in wages there but a long ways to go to parity, which for the jobs we are talking about is probably closer to $1500 a month.
And if the yuan was fairly valued, that's maybe another 15% so we're talking @ $300 a month.
By the way, my link to Paul Craig Roberts up above...is that another wacko "left winged blog site" that I supposedly frequent? Maybe the writers at the America Conservative are closeted liberals, no? -
Con_Alma
I would guess he wouldn't be happy about it either but that has nothing to do with my statement. How he feels isn't impacting at all.Footwedge;838997 wrote:The market value that he brings will diminish as the technology field continues to grow. I don't think FFT or anyone else that shelled out 200K in order to practice law here in the states will be very happy when the American Bar Association changes it's name to the International Bar Association....and their annual income drops from 175K to let's say.... 30K. -
fan_from_texasFootwedge;838951 wrote:With the evergrowing advancement of the technology and the internet, it's not a matter of if...but a matter of when......when many legal matters are solved by Indian lawyers dragging the professional wages way down to what the "international market" will bear.. You gonna be OK with that in let's say....10 years from now?
As it stands, my understanding is that already some legal secretarial...and some paralegal work is headed across the seas in order to compete.
Instead of your professional services charging $200 per hour, will you be content if your firm can only charge let's say....$35 an hour?
The author's link that I posted has cited that the white collar professions are beginning to feel the pinch as well.
If one takes the time to read Roberts....or other people that see what's happening, they would begin to understand that more than just manufacturing is susceptable to the horrors of unfettered globalization.
Its more like $400-800/hr, not $200. And much commoditized work is already done overseas, while high level niche work remains profitable here. I'm confident that I'm a smart enough and talented enough guy that I can compete, whatever the effects of globalization. I don't lose much sleep over it.
An international reduction in legal fees is probably a good idea and would be great for the world economy. I guess I just don't see this as a big threat. -
Footwedge
That's a great point. But if the unfettered free marketeers have their way, then the WTO will cry bloody foul....and down will go the American lawyers.Al Bundy;839011 wrote:Our laws are set by lawyers, so don't be surprised if they find a way to take care of their own. -
Con_Alma
There are things that can be done. The entrepreneurial spirit of the U.S. people will continue to develop and advance opportunities that will be desired and valued. That Constitution that you speak of can help us do so but it won't be through legislation that restricts.Footwedge;838985 wrote:So, I take it that you have come to terms with the reality that 20-25% unemployment or more in our country is inevitable...and there is nothing that can be done about it. In the Constitution, it states that the government is responsible for passing laws that improve the general welfare of it's citizens.
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Con_Almafan_from_texas;839015 wrote:...
An international reduction in legal fees is probably a good idea and would be great for the world economy. I guess I just don't see this as a big threat.
This is a wise, pragmatic man that I will continue to urge to build his resume so that he might one day run for an elected office. -
fan_from_texasFootwedge;838997 wrote:The market value that he brings will diminish as the technology field continues to grow. I don't think FFT or anyone else that shelled out 200K in order to practice law here in the states will be very happy when the American Bar Association changes it's name to the International Bar Association....and their annual income drops from 175K to let's say.... 30K.
The avg law grad is already making $30-40k, not $175k. And my loans will be paid off within another year or two, so by 10 years put, we'll find a way to manage. -
fan_from_texasI have to head out now, but ill check back in later tonight, if possible.
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Con_Alma
...enabling them to pursue happiness not providing it for them.Footwedge;838985 wrote:... In the Constitution, it states that the government is responsible for passing laws that improve the general welfare of it's citizens.
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Footwedge
I have no doubt that you are a smart enough guy to compete. For now, your niche work is apparently immune from Indian lawyers. My point is that in due time, even niche areas will be thrown out for bid in cyberspace. I think I read that Indian college graduates outnumber the entire American population. As for the $400-$800 per hour fee...enjoy it while you can......the international market will slice that number down.....give it time.fan_from_texas;839015 wrote:Its more like $400-800/hr, not $200. And much commoditized work is already done overseas, while high level niche work remains profitable here. I'm confident that I'm a smart enough and talented enough guy that I can compete, whatever the effects of globalization. I don't lose much sleep over it.
An international reduction in legal fees is probably a good idea and would be great for the world economy. I guess I just don't see this as a big threat. -
Footwedge
Exactly. Pursuing happiness includes making sure that they can in fact pursue happiness on a level playing field.Con_Alma;839033 wrote:...enabling them to pursue happiness not providing it for them. -
gutFootwedge;839012 wrote:Not according to the links that I provided...although I will concede that some of the links may be somewhat outdated. But it's more than just wages....it's working conditions, lax safety laws, and it also includes complete lack of concern regarding environmental issues. Today, the overtaxed Chinese factory workers have had a pretty big spike in their suicide rates. Are the Chimese factory workers nothing more than an "expense" on a balance sheet?
By the way, my link to Paul Craig Roberts up above...is that another wacko "left winged blog site" that I supposedly frequent? Maybe the writers at the America Conservative are closeted liberals, no?
Just because you post conservative blogs doesn't mean you have a clue about what is being said, nor does finding conservatives who agree with you make you any less biased or uninformed.
But was your data dated, or simply wrong? Is there a difference? And where are these links you speak of? I saw a google search link but that was it - one Newsweek article and a bunch of garbage.
And rates are still as low as $125, but the average is much higher. Were you ignorant of this fact, or being intentionally misleading? In either case, it doesn't lend much credibility or value to the things you post.
Yeah, it's a great idea to put a huge tariff on Chinese goods so the 90% of people who do have jobs can foot the bill via much higher prices for goods. -
believergut;839055 wrote:Yeah, it's a great idea to put a huge tariff on Chinese goods so the 90% of people who do have jobs can foot the bill via much higher prices for goods.
Instead of creative financing, we now have creative taxation? -
Footwedge
I posted an op ed by Dr. Paul Craig Roberts...a former editor of the Wall Street Journal...been reading his works for over 7 years now. And yes I think I know exactly what he is saying. The point being...you erroneously stated that I get my economic thinking from "radical left winged sites". Well, you are 100% incorrect.gut;839055 wrote:Just because you post conservative blogs doesn't mean you have a clue about what is being said, nor does finding conservatives who agree with you make you any less biased or uninformed.
How many links do you want? A quick google search showed about 5 or 6....stating that the factory workers make $125 per month. At least 2 state the amount is even less than that. If you need help using Google, let me know.But was your data dated, or simply wrong? Is there a difference? And where are these links you speak of? I saw a google search link but that was it - one Newsweek article and a bunch of garbage.
Ibid. How many links do you want?And rates are still as low as $125, but the average is much higher. Were you ignorant of this fact, or being intentionally misleading? In either case, it doesn't lend much credibility or value to the things you post.
Putting tariffs on Chinese goods is just one of several things that should be done in leveling the playing field on a country that has not a single modicum of fairness regarding labor, labor laws, et al. Hell, even you, have conceded that they inflate their currency.Yeah, it's a great idea to put a huge tariff on Chinese goods so the 90% of people who do have jobs can foot the bill via much higher prices for goods.
Let me add that there are several industries...one of which is very prevalent where I live, where the American buyer pays 2-3 times the price that China dumps it here for. And that industry is booming....and Americans have no problem in paying the surcharge.
Let me also add this. We don't have 90% of our people working.....not even close to that. You sir are the one that posts sludge from God only knows where. It was you that posted the absolute nonsense that American Corporations have one of the highest corporate tax rates in the fee world. Where in the hell do you find this utter nonsense? -
Footwedge
I'll take a little higher higher prices with a full unemployment rate any day of the week.believer;839075 wrote:Instead of creative financing, we now have creative taxation? -
believer
The United States has consistently the second highest corporate tax rates in the world behind Japan and could become #1:Footwedge;839089 wrote:It was you that posted the absolute nonsense that American Corporations have one of the highest corporate tax rates in the fee world. Where in the hell do you find this utter nonsense?
http://www.cnbc.com/id/30727913/The_World_s_Highest_Corporate_Tax_Rates_2010?slide=10
http://www.taxfoundation.org/publications/show/22917.html
http://alhambrainvestments.com/blog/2009/01/29/corporate-tax-rates-by-country-oecd/
http://www.nationmaster.com/graph/tax_hig_mar_tax_rat_cor_rat-highest-marginal-tax-rate-corporate
http://www.cato-at-liberty.org/u-s-corporate-tax-rate-the-highest/
http://taxprof.typepad.com/taxprof_blog/2009/08/us-corporate-tax-rate.html
http://dailycaller.com/2010/06/25/united-states-could-have-highest-corporate-tax-rate-within-a-year/
http://www.americanthinker.com/2009/03/us_companies_pay_the_highest_t.html
http://online.wsj.com/article/SB10001424052748704635204575242241281902852.html