The beautiful irony of all this is that the over-educated Asian’s will all end up working for some lazy caucasian with an MBA.
If only. Many management positions are headed overseas as well. Many MBAs (especially the ones working for big companies) aren’t creative enough to think of any way to grow a business, so they just implement “cost-cutting” measures (outsourcing to China & India, etc…) to increase profit and grow the share price instead. As a result, the heart of many companies has relocated overseas, and guess what — the head is soon to follow. American managers can’t manage foreign assets effectively because of timezone problems, communication issues, etc… Is the solution to hire more Americans then? Of course not, the solution is to move management to India and China and limit American operations to marketing and sales.
