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Comment Re: because the market hasn't balanced yet (Score 1) 587

That's what I was about to say. Arbitrage in labor markets takes a long time to go to the no-arbitrage state. There is friction from Labor Laws, Labor migration rules, other local laws in general (such as data privacy laws, data warehousing laws).

And then there is government interference. The US government for instance, encourages international Phd's and Masters students to find jobs in the US by giving them OPT permits and favoring them for H1B etc.

And then there are managers, who know that if there is no one around to report to them, their job will soon vanish too. So they resist outsourcing of jobs under them by hiring bad people overseas, by showing that the overseas workers can't handle it all (which to some extent is true) etc. All these artificial barriers delay the convergence in labor markets. So ya, you can expect high wages for longer than you think its possible. In the mean time, try to change the rules of the game to stay ahead.

Comment Re:I Think this article might be a bit misleading. (Score 1) 189

The method used has deep implications for security and encryption methods, but not faster than light data transfer. Just wanted to clear that up.

The parent explicitly says that faster than light data transfer is not possible. It's really sad we are unable to capitalize on the 'spooky action at a distance' phenomena.

Comment Re:UCSF: Unethical Behavior 'R' Us (Score 1) 338

Mark Laret is a genius. He is a winner. So his pay is well deserved. People who work hard for UCSF are losers. People should learn to work for themselves. They should view themselves as a company that is contracting its services to another company. And deliver just what is needed. They should seize every opportunity to grow their own company, even if it comes at the expense of their employer.

What's in it for me?

Comment Re:Was logging in to post exactly this (Score 1) 338

In this case doing simple math shows that the replacements are coming at $125K per year. $50M for 80 jobs for 5 years. Outsourcing is actually costly. I have had first hand experience for an outsourced project at AT&T. The Indian IT co. ended up charging 1.5 times more than what the in house employees were being billed for. And the quality sucked, and yes the management had no clue. They thought it was a smart move, patted themselves on their backs and took home a good bonus I guess.

Go get an MBA instead. The costlier the blunder you make with an MBA, the bigger the bonus.

Comment Re:The Naked Truth (Score 1) 1592

You are an idiot.

Sorry, but I am not interested in your lousy opinion.

Please take a job at the border and point out the terrorist, the EU will pay you a premium.

I am sorry. There are no terrorists at all. Those attacks that happened in Paris, Brussels, and the molestation of women that happened at a stadium in Germany, those arrests of refugees having terror links in Austria, Germany, all that is just hog wash. It didn't happen.

Please explain what Germany has to do with unemployment in Spain! I'm eager to hear your reasoning! Or what has staying in the EU to do with it?

Spanish GDP has fallen since the financial crisis. A weaker currency can make Spanish exports cheaper and increase employment. But since Spain is in the Euro Zone, they cannot devaluate their currency nor can they print money. ECB is in the clutches of Germany and France.

Probably Spain is so rich that lots of people don't have to work? Probably it is the first country in the EU ripe for General Basic Income? Who knows ...

You definitely don't.

Comment Re:Good for them (Score 1) 1592

Currency devaluation would have meant that any hard currency loans would have been astronomically expensive

Well, then I would bargain for restructuring the loans, may be default on some or all. And use what ever I have got to help my economy recover. Default/debt-restructuring is not very uncommon: https://en.wikipedia.org/wiki/...

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