Nixon went to China because he thought he could use the PRC as a wedge against the USSR. Then China opened up in 1979 and a lot of people believed it will be a new market for goods. It was until it wasn't.
That makes no sense. House price/salary is used to compare payment periods or affordability. The context is important. Share value and GDP are totally different things and there is no direct relationship.
It is effective but wrong. It is the same as to compare a river flow to dam volume. There is a relation, but does not mean anything.
A better comparison is to compare somebody's net value to the total housing value of a city. For instance comparing Musk's net value to the total value of all the houses/apartments in New York. Or the the value of the gold in Fort Knox.
This is the crux of the problem. The value of US treasuries and the USD is based on the trust of the world in the US. Now, who knows what will happen to the USD. Will have to wait and see.
According to Reuters, U.S. Commerce Secretary Howard Lutnick said that the $100,000 charge would apply annually for each of the three years of the visa’s duration, and added that the details were “still being considered.” The H-1B visa is a U.S. work visa that allows companies to employ foreign professionals in specialised fields like technology, engineering, and medicine. Indians account for the largest share of H-1B visa holders, making up 71% of all beneficiaries in FY2024.
If you hire someone to train them, you can pay less (say perhaps $70-80k) and also include in the contract some penalties if they stay a specific amount of time, say longer than 6 months and less than 2 years. And the so-called training is probably bullshit anyway. The problem here is probably not the pool of candidates. It's probably the wage not matching the market, the location of the gig, the gig itself, or the company being too picky.
Training would perhaps be at 50K/yr USD in current environment, and it would be not too many taking up in US environments. In developing nations you can get equivalent training talent at 10K USD/yr, and equivalent fully-trained at 50-80k USD/yr en-mass.
Russia invaded Ukraine. To stop the killing, all Russia needs to do is get out of Ukraine. Ukraine is a sovereign country, Russia has zero authority over Ukraine.
The west doesn't make Ukraine sovereign. Western companies will extract resources and use the people for cheap labour. Not a single sane Ukrainian person is waiting for this.
