Global competition will
continue to cause the trend of stagnant wages in the United States
for all members of society except the
very, very, very special. 
Chart from page 51 of the
12/12/05 issue of
business week.
German wages have been stagnant for years in spite of an outstanding educational and training system.
Read the Article at
Rise
Of A Powerhouse
How the young knowledge workers of Central Europe
are pushing the region to a new level
Related material Looking For Innovation In The East, Where The Engineering Pool Is Deep
Even the rewards for the very, very, very special may go down.
Davos (Switzerland World Economic Conference)
Will Be Different
"The traditional format -- plenaries and sessions, dinners and parties
-- will continue at the 2006
World Economic Forum, but the conversation is
changing dramatically."
"... the content of the 2006 meeting will be a far cry from that of recent
Davos gatherings.
Previously, discussion at the World Economic Forum
revolved around two main economic
themes: outsourcing and China. This year
innovation replaces outsourcing and India replaces
China in the dialogue.
These changes are significant because they signal a new stage in global
economic development. CEOs are starting to move beyond their obsession
with cutting costs
by outsourcing their supply chains" (mainly to
China).
"This shift in agenda reflects the fact that CEOs and the
corporations they run can no longer
generate value by competing solely on
cost and quality, so they are turning to innovation."
"Enter India, which is throwing the Saturday night bash this year
as it launches its own global brand, "India Everywhere." Western
companies are outsourcing knowledge-economy production to India,
and that
increasingly means outsourcing innovation as much as basic software
writing. Indeed,
many top managers equate India with outsourcing
innovation in the same way they equate China
with outsourcing
manufacturing."
Even the
special From page 96 of the
1/23/06 issue of Business Week
IDEAS -- VIEWPOINT
By Bruce Nussbaum
Selected
sentences
Read the entire article at Davos Will Be Different.
For the entire Business Week
article click
Information Technology.