India Economic Growth

One Billion people need jobs, in India.  They are willing to work for a lower wages, longer hours. This is so tempting to companies, which profit is king.


I just read this article:

Indian growth of 7% 'is possible'

This mean 7% growth in the Indian economy.

This is a reality check, industry might not come back to America. If growth of the economy continues in place like China and India, it means those jobs have to come from somewhere.  More people, lower wages, lower expectations for standard of living, what CEO or board would not like that.

It is not a bad thing for those countries, but we live on a globe, unless there is more innovation there is only a finite amount of work to go around.  Nobody wins in the end, even the companies.