. Interesting question Re: The Changing Nature of Employment in the Great Recession

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Karl Auerbach <karl () cavebear com>
> Date: January 10, 2010 2:24:51 PM EST
> To: dave () farber net
> Cc: ip <ip () v2 listbox com>
> Subject: Re: [IP] Re: The Changing Nature of Employment in the Great  
> Recession
> Reply-To: karl () cavebear com

> On 01/10/2010 09:44 AM, Dave Farber wrote:
>
> > > *From:* Rahul Tongia <tongia () cmu edu <mailto:tongia () cmu edu>>
> > > *Date:* January 10, 2010 11:29:48 AM EST
> > > *Subject:* *Re: [IP] Re: The Changing Nature of Employment in the  
> > > Great Recession*
>
> > > Here are some personal thoughts/predictions:
> > >
> > > 1) The myth/hype/hope over knowledge jobs will hit reality when  
> > > people
> > > come to realize these are just jobs. Quite fungible after we work  
> > > out
> > > a few kinks and legalities.
>
> Remember the excuse of our bailed-out bankers that they have to pay  
> huge bonuses to retain people?
>
> One might wonder when Goldman Sachs and BofA and the like will  
> realize that they can save a pile of $$ by hiring their people in  
> China.
>
> If a CT scan taken in the US can be read by a radiologist in  
> Pakistan I certainly don't see why a pool of US derivative options  
> can't be managed by a person in Shanghai.
>
>        --karl--



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