Re: Markets and employment

From: Damien Broderick (
Date: Sun Dec 23 2001 - 18:38:00 MST

At 02:59 PM 12/23/01 -0800, Patrick Wilken wrote:

>Can someone post some evidence one way or the other to clarify Mike's
>claim that software jobs flowing to India from the USA are caused by
>a distortion of the free market, as opposed to natural market forces?

Such evidence would certainly modify my original somewhat sarcastic comment
on Mike's gripe at being supplanted--due, of course, to market forces--by
programmers in India.

(I was amazed, incidentally, at how long it took everyone to understand
that Olga thought Mike was talking about Native Americans rather than
Indians--and a little disheartened by her original rush-to-judgement
misreading, since it assumed Mike would post a racist comment; he's not
like that.)

>The strong US dollar has certainly benefited the local film
>industries in Australia and New Zealand (and Canada). The fact that
>the Aussie dollar is worth about .50c to the US dollar makes us very
>cost competitive for film production (e.g., The Matrix).

Indeed. As a writer who sells more in the USA than at home, I gain this
terrific, and unfair, advantage myself. In effect, I make twice as much for
a given novel as an American would, and live better anyway. Yum.


Yep, even if it means that Mike and other vulnerable US extropians get
bitten in the ass by the power of the global market.

Damien Broderick

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