sit back, relax and watch your quality of life drift away...ahhhhhh

The very thing that makes India-China such a powerful economic force, their massive pools of cheap labor, is going to make their transition as burgeoning first world nations very interesting to watch.

As Americans, we benefit in being a relatively small population relative to the worlds population in terms of economic well being. Only very few can have such a high quality of life. We have had that benefit as a result of the scales being tilted in our favor in the last 50 years. That's not right, but it what has been and it what is. And it is what we have gotten used to.

Now those economic benefits are flowing away from our shoes, we will most definitely see a waning of our quality of life in terms of economic measures. But in terms of real quality of life...in not driving a car quality of life...we are just seeing the potential of what can be.

As a foot note, look at a recent businessweek publication on the real cost of outsourcing and the new ground we are breaking in measuring economic data...