where salaries are going up the most in real terms

mar 30th, 2007

after inflation, this is not bad. in IT, wages are going up by 20%+ in nominal terms in india. given roughly 8% inflation, that is not bad.

http://www.economist.com/daily/news/displaystory.cfm?story_id=8909327&fsrc=nwl

at this rate, how long will be it be before indian average wages catch up with the west? not that long, if it can be sustained.

whether growth can be sustained is the $64 million question. the recent rate increase and CRR increase by the RBI is another attempt to squish growth (thank you, montek singh ahulwalia) and thus inflation.