On some days, I'm worn out from work. I'm a self-employed real estate investor (fancy title for landlord). After reading an article by TIME Magazine, though, I'm not quite so tired.
Where are the Good Jobs Going?
The article was interesting, but towards the end it hit closer to home. A mechanical engineer is worth an average of $55,600 in the US, but is paid only $5,900 in India. I have an engineering degree. I couldn't possibly compete on a cost-basis.
On one hand, I think outsourcing is terrible, but on the other hand, the most skilled technical talent seems to be from Asia. Too many Americans want to take the easy way out with an MBA and expect to earn a six-figure salary. The workforce is changing a lot, and employers and employees need to adapt quickly. Just my opinion.
The question I have is should I sell my technology-driven mutual funds, or continue to pursue the mighty dollar. What will you do, if anything? I don't think there's an easy answer. Artificial subsidizing of American jobs is a bad idea. There must be a good way to keep everyone happy and healthy.
Jürgen