My Technology (and My Money) Go to China
According to the American Electronics Association, close to 750,000
high-paying jobs ($66,300 average salary) in the high-tech industry
have left the U.S. in the last two years, and are going to low-pay countries
like India and China. India is now the leader in computer-related jobs.
Russian is currently the overall lowest cost provider of engineering
services. China makes extensive use of prison labor in its bid to become
the world's leader in electronics manufacturing. By mandating that a
certain percentage of components in products sold into the country be
manufactured in China, companies world-wide are transferring intellectual
and physical high-tech property at break-neck speed. The first PC microprocessor
is slated for production there in 2004, and is expected to eventually
undercut Intel and AMD - quite an impressive gain for a country that
a decade ago was barely into 1960s technology. Others will follow.