58 karma · joined December 9, 2015
I did not say more degrees makes you smarter but there is a direct correlation between education and income. That was the point being discussed
Have you also thought about why Indian American kids win spelling bee's or Jews win Nobel Prize disproportionately when compared to their population?
Comparing Indians or Asians to blacks is not fair. They are mostly recent immigrants (except few brought in as labourers) and did not have to suffer through the horrors of slavery which left blacks with broken family structure and other things (It is complex, like housing seggregation where the black neighbourhoods did not increase in wealth when compared to white neighbourhoods, criminal justice system)
[1] http://www.pewresearch.org/fact-tank/2014/09/30/5-facts-abou...
https://en.wikipedia.org/wiki/2011_Norway_attacks
https://en.wikipedia.org/wiki/2012_Delhi_gang_rape
https://en.wikipedia.org/wiki/Ajmal_Kasab
https://en.wikipedia.org/wiki/Masood_Azhar (Got released after a hijacking and founded JeM)
It is bad for US as well. Immigrants are generally more risk taking than citizens & H1B does not allow them to take risks when they are young because they will be waiting in the line for PR (Green Card). By the time they get green card it will be decade or more and their risk appetite would have reduced due to having family/children.
In general, I don't believe most of the high salaries in tech may not be sustainable. Lots of tech jobs will move to India & China (or any low cost country in future which has a good pool of educated people), that is just capital chasing good enough talent which is cheap. Moving up the value chain is the only option.
Most nations will do whatever is convenient for them. ex: If you are from US, GOP says they will cancel the Iran nuclear deal
> Hell, even Russia and China won't back out of deals once struck. They'll piss and moan if it turns out they got the short end of the stick, but they'll still honor the deal.
Not tue, ex: Hong Kong democracy
> I tell my clients to steer clear of India for this very reason - it's nearly impossible to know when a deal is "solid".
You just described all the other countries apart from developed countries where there are no severe penalties for walking out of a deal
> My issue is that India will play unfair. They have a history of it.
Every country does it. ex: Union carbide CEO lived happily in US till he died
> That's not good for India. Investors will (and are) balking at the idea of entering the Indian market because who knows when India will pull the rug out from under them when the mood strikes.
Investors know the risks, Equity Risk Premiums are higher for India (& other developing countries). If investors don't invest in India or China due to inherent risks then they might loose out in the long run given that the future returns from developed world will not be great