tag:blogger.com,1999:blog-7332340.post9068349201533612599..comments2024-02-28T05:22:35.956-05:00Comments on FinanceProfessor.com: American Wages Are Out of Balance - NYTimes.comFinanceProfessorhttp://www.blogger.com/profile/05948754590238007311noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7332340.post-24800837859761747402009-11-11T17:05:39.353-05:002009-11-11T17:05:39.353-05:00The idea that American wages are "out of bala...The idea that American wages are "out of balance" depends on a concept of how low workers' wages (and standard of living)can acceptably go. If competition is the only standard, there will always be people willing to work for less, which will then further depress wages across the globe--excuse me, "balance" them--down to the point of barest subsistence. So I guess that Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-59032422596189347622009-11-11T01:28:37.244-05:002009-11-11T01:28:37.244-05:00There are a few other reasons for jobs moving outs...There are a few other reasons for jobs moving outside the US (and other high cost countries):<br /><br />1. taxes may be lower elsewhere - not just the headline rate but the availability of tax holidays, and transfer pricing arrangements (which China is currently clamping down on)<br /><br />2. access to local markets. In some emerging markets, if you want to sell in that market it is either traineeinvestorhttp://www.aprivateportfolio.blogspot.com/noreply@blogger.com