Re:Neutron Bomb
by rubinelli on Tuesday August 25, 2009 @06:54PM
(#786086)
The ultimate end is more likely a new equilibrium, in which the difference between the cost of living in the BRIC is closer to the industrialized Western world than it is now. Also, don't forget productivity gains are fueled by new technologies, and the US are still way ahead of the competition in research.
[ Parent
| on HN ]
Re:Neutron Bomb
by krakensden on Tuesday August 25, 2009 @07:28PM
(#786143)
I don't understand your point.
There's not a huge barrier to new discoveries in the US being utilized in other countries, and our only advantage in conducting research is infrastructure for distributing money. Over the next ten years, that could be closed by a cash-rich nation that wanted to (China).
Re:Neutron Bomb
by biohacker42 on Wednesday August 26, 2009 @09:52AM
(#787141)
But as they close the gap over the next 10 years, their standard of living and their wages are also going to keep rising. And at some point the gap is small enough that the extra cost of shipping it from China to the US isn't worth it.