Chinese Wealthy Leaving China

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Originally Posted By: PandaBear
Originally Posted By: JHZR2
Originally Posted By: PandaBear

Pro: Foreign students pay non subsidized tuition, so they are not a burden but rather an economic stimulus to the education system (and to some extend, the state economy and reduced burden).


Not engineering grad students. They get their education for free. And the $30k or so stipend is a fortune in China or India.

China is heavily subsidizing new business startups over there, so that the folks educated here will be inclined to return.


You really have no idea what you talk about.

That's school and professor specific if they want to pay for the grad students' tuition and salary as TA or RA (grad students have to work in order to get free education), and the cost between resident and non resident students in public universities are different, and that is a fact. If the grad students are that sharp, the professors will pay for all of the cost and some money to live on, but that is very unlikely that professors will pay for everything from grants he got.

Usually, the international students are happy to just get the resident portion of the cost (i.e. 1/3) and pay out of pocket for the non resident portion (i.e. 2/3). They are usually not going to get 30k Stipend when factor in the tuition, and I've never seen someone getting paid that much ever. Usually after subtracting the tuition they get around $500 to 1k a month to live on (rent food transportation, etc). Unless they are that sharp and are on scholarship left and right, which usually exclude international students to begin with, and I've never in my life seen any international students that have gotten a US paid scholarship.

I've also never seen a new grad wanting to go back to China or India as 1st option. They usually like to hire manager or senior level engineers and pay them near (or half, depends) US salary to go back, but a fresh, inexperienced grad going back to China or India will receive China or India salary, which is about 1/4 to 1/3 of US salary.


I know a LOT of what Im taking about because much of what I do for a job involves giving research grants to Universities for engineering work. I see the full, burdened cost of what is paid.

The stipend is for TAing, sure, but that is irrelevant as to if the student is foreign or not, other than the quality of the TA (those with poor language skills are generally lousy). Doint that part of the work (not typically tied to the research advisor) is part of the overhead fees burdened onto the cost of the grant. It is a departmental/university function. Im sure tuition from the students in the class pays this to some extent too.

The reality is that in engineering graduate work, the stipends and package generally (and by generally I mean 99% of the time) covers tuition and the stipend which covers room and board of some sort. Depending upon the school, there may be graduate housing, though most grad students live in rented homes and apartments.

Now if the universities are claiming costs and fees that they are not extending to the grad students, then this is another story. But typically a grant will pay for some percentage of the professor's time (generally in the summer since the school pays through the year) and then the rest of the costs they build into the grant proposal go towards covering the student and research. If they are misleading the grant agency, then there is a legal issue. I doubt it.

I have gotten detailed research briefings on the competitive practices in China, and things that they are trying to implement. My concept of what is really going on is what it is. If yours is hearsay from people you know over there, then I must take it with a grain of salt.
 
Originally Posted By: JHZR2
I know a LOT of what Im taking about because much of what I do for a job involves giving research grants to Universities for engineering work. I see the full, burdened cost of what is paid.

The stipend is for TAing, sure, but that is irrelevant as to if the student is foreign or not, other than the quality of the TA (those with poor language skills are generally lousy). Doint that part of the work (not typically tied to the research advisor) is part of the overhead fees burdened onto the cost of the grant. It is a departmental/university function. Im sure tuition from the students in the class pays this to some extent too.

The reality is that in engineering graduate work, the stipends and package generally (and by generally I mean 99% of the time) covers tuition and the stipend which covers room and board of some sort. Depending upon the school, there may be graduate housing, though most grad students live in rented homes and apartments.

Now if the universities are claiming costs and fees that they are not extending to the grad students, then this is another story. But typically a grant will pay for some percentage of the professor's time (generally in the summer since the school pays through the year) and then the rest of the costs they build into the grant proposal go towards covering the student and research. If they are misleading the grant agency, then there is a legal issue. I doubt it.

I have gotten detailed research briefings on the competitive practices in China, and things that they are trying to implement. My concept of what is really going on is what it is. If yours is hearsay from people you know over there, then I must take it with a grain of salt.


Interesting.

What I know is based on what I found from my classmates that are international students paying out of state tuition.

I went to a public university that charge different rate depending on residency. So if what you said are true, then the professors have to pay different amount for the same job. I "think" most of the ones I know got about $1500 a month before tuition and R&B, and that's enough to cover the in state tuition but no the out of state portion and certainly not 30k a year.

It is not a very famous school, so most students do not have the badge of honor that would guarantee them jobs afterward, and the international students' goals are all "look for jobs in the US" and have no gov or private sector jobs back in India or China to lure them back.

Maybe the schools you are taking care of are famous and therefore gets big project grants?
 
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Not really. There is difference between in state tuition and "everyone else". The reality is that while in some of the bigger states it may not be a problem, or sometimes you may happen upon a "homegrown" student, typically everyone is paying the "out of state" rates per credit.

Have postdocs doing some of the work and it can be more variable because of salary.

Sure, many international students come here looking to get a job and use that as a path to citizenship. Ive written many letters to INS asking for waivers for high tech and other things for exceptional international students. I wont just do it willy-nilly though, and some do get sent back.

However the Chinese government, for example, wants to get the folks who have studied abroad back to China. Here is an example of what I spoke about:

http://www.penn-olson.com/2011/08/24/china-150-start-up-incubators/

I dont know how I feel about that. Send students by the hundreds of thousands (I think the official Chinese count is around 239k) overseas to scavenge knowledge and bring it back. It is great for them, but means we are buildig our competition.

Meanwhile universities love the overseas students because they do work hard (which is a good thing), and because they can actually fill their rosters. This would be nearly impossible with American students. It's sad.

MTV has destroyed our ability to do anything worthwhile, IMO.
 
Originally Posted By: JHZR2
Meanwhile universities love the overseas students because they do work hard (which is a good thing), and because they can actually fill their rosters. This would be nearly impossible with American students. It's sad.

MTV has destroyed our ability to do anything worthwhile, IMO.


In the US there are more lucrative career for the same amount of efforts, and the "pride and glory" of being a PhD in science and engineering isn't that high compare to being a lawyer, doctor, or investment banker.

Kids that are smart go to those field if they want nice incomes rather than science and engineering. The language barriers also make these fields less attractive than science and engineering for foreigners.

I'd say our kids are smart and have more options, and it is not because MTV have destroyed our ability but rather it is not the path of least resistance to wealth. Why make only $70k a year starting salary when the same effort can land you $200k a year starting salary?
 
Originally Posted By: PandaBear
In the US there are more lucrative career for the same amount of efforts, and the "pride and glory" of being a PhD in science and engineering isn't that high compare to being a lawyer, doctor, or investment banker.

Kids that are smart go to those field if they want nice incomes rather than science and engineering. The language barriers also make these fields less attractive than science and engineering for foreigners.

I'd say our kids are smart and have more options, and it is not because MTV have destroyed our ability but rather it is not the path of least resistance to wealth. Why make only $70k a year starting salary when the same effort can land you $200k a year starting salary?


Good points, but the net result is still going to kill our country in the current international economic war.
frown.gif
 
Originally Posted By: PandaBear
I'd say our kids are smart and have more options, and it is not because MTV have destroyed our ability but rather it is not the path of least resistance to wealth. Why make only $70k a year starting salary when the same effort can land you $200k a year starting salary?


Aaaah, so they are an overpaid bunch then? The level of knowledge and smarts to get to the terminal degree is not commensurate with the pay. The man-made monopolies maintain the excessive compensation.
 
Originally Posted By: JHZR2
Originally Posted By: PandaBear
I'd say our kids are smart and have more options, and it is not because MTV have destroyed our ability but rather it is not the path of least resistance to wealth. Why make only $70k a year starting salary when the same effort can land you $200k a year starting salary?


Aaaah, so they are an overpaid bunch then? The level of knowledge and smarts to get to the terminal degree is not commensurate with the pay. The man-made monopolies maintain the excessive compensation.


Like your description of how "some" teachers are overpaid, there are also "some" lawyers, doctors, and bankers that are way overpaid for their mediocrity.
 
If they come here and support themselves, great. Most all of the people that I know that actually came from Asia (not native born) are hard workers and appreciate the freedoms in the US far more than those born here.

If they go to school and become engineers, doctors, or whatever that is better for our country. The more smart people that are here the better.
 
Originally Posted By: PandaBear

In the old days it was asking citizens to pay them to get off their back, harassing, etc.

Nowadays it is primarily to get approval (up to 30 in some cases) for opening up businesses, no bid contracts, expedite approval processes, zoning change, forgiving a few violations here and there (the biggest one), and keep your competitors at bay rather than having a fair competition.

It is like how campaign contribution in the US work, except in the US politicians can't pocket the money, but in developing world the politicians have their children and family pocket the money and hid it overseas.

I thought regulations were a good thing??
 
Originally Posted By: Tempest

If they go to school and become engineers, doctors, or whatever that is better for our country. The more smart people that are here the better.

But again there are only so many slots for highly technical fields and remember that education is highly subsidized.

I suppose you could make the argument that the foreign student will be a better Doc/Engineer, etc. But I am not going to buy that argument.

Its not unusual for medical pre-med students to apply to dozens and dozens (at least) schools.

And how is it better for the economy??? By bringing in a foreign student to become a doc you have just taken a pile of $$$$ that would have been spent on a Domestic SERVICE and distributed to a newly minted foreign student. That is just shuffling piles of dollars from one place to another. Just like saying building another hamburger stand creates national wealth.

And addition you have closed a Doctor slot to an American Citizen.
 
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Originally Posted By: Al
Originally Posted By: Tempest

If they go to school and become engineers, doctors, or whatever that is better for our country. The more smart people that are here the better.

But again there are only so many slots for highly technical fields and remember that education is highly subsidized.

I suppose you could make the argument that the foreign student will be a better Doc/Engineer, etc. But I am not going to buy that argument.

Its not unusual for medical pre-med students to apply to dozens and dozens (at least) schools.

And how is it better for the economy??? By bringing in a foreign student to become a doc you have just taken a pile of $$$$ that would have been spent on a Domestic SERVICE and distributed to a newly minted foreign student. That is just shuffling piles of dollars from one place to another. Just like saying building another hamburger stand creates national wealth.

And addition you have closed a Doctor slot to an American Citizen.


First of all, like I said med school, law school, etc do not usually take in foreign students like engineering and sciences departments do. So the slots being gone for the US citizen theory isn't really valid. Like I said before engineering and sciences are lower paid for the same amount of effort and US students do not like to go to these fields especially for graduate studies in non top tier schools.

Then the argument about heavily subsidized. I still disagree with JHZR2 that most of the international grad students got subsidized other than given a job as TA or RA. The tuition is still higher and it come out of their "salary" from the TA or RA job. They are performing domestic services just like a US citizen student would, by performing research and teaching classes. A lot of these researches end up in the products you buy, drugs you take, and the services you use. The point is, you don't get rich being a grad student, and you get even less rich being an international grad student. INS do not grant Visa unless you show proof of document that you either get a full scholarship or you have enough money in the bank to finish the degree.

You can't believe in protecting jobs for "some" citizens while at the same time endorse reducing trade barrier (i.e. tax) and increase competition (open foreign trade) to encourage economic activities and reduce cost. That's hypocrisy.
 
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Originally Posted By: PandaBear


First of all, like I said med school, law school, etc do not usually take in foreign students

Wrong. http://ezinearticles.com/?US-Medical-Sch...&id=1197851

And I personally know you are wrong

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Then the argument about heavily subsidized. I still disagree with JHZR2 that most of the international grad students got subsidized other than given a job as TA or RA. The tuition is still higher and it come out of their "salary" from the TA or RA job.

Whether or not the students are subsidized is mute. Each slot is subsidized by the state to the tune of more than the higher cost for out-of-state tuition.

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They are performing domestic services just like a US citizen student would,

But a U.S. citizen is not doing the work.

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You can't believe in protecting jobs for "some" citizens while at the same time endorse reducing trade barrier (i.e. tax) and increase competition (open foreign trade) to encourage economic activities and reduce cost. That's hypocrisy.

We have no choice on trade bariers. We need stuff from outside the country. But we have a choice of who comes into the country. And we don't need more people to dilute wealth and resources.
 
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Originally Posted By: Al
Originally Posted By: PandaBear


First of all, like I said med school, law school, etc do not usually take in foreign students

Wrong. http://ezinearticles.com/?US-Medical-Sch...&id=1197851

And I personally know you are wrong



and I know you are personally wrong, maybe you should find a better source to quote next time (other than a marketing piece from an international student recruiter). This author said it is possible to get into a med school with a 2.0 GPA too.


University of Georgia Premedical Studies Program

International students in the USA on a Visa without permanent U.S. resident status ("Green Card") often find it surprising that it is much more difficult to enter a U.S. medical school (M.D. or D.O) than it is to enter a U.S. university graduate school to study for a Ph.D. or M.S. degree. Many U.S. medical schools give preference to legal residents of the geographic state in which the school exists, as they operate under instructions from the state governmental officials to 'produce' to meet the health care needs of the specific state. Eligibility for many U.S. Federal Government sponsored financial loans may well be defined by being a U.S. citizen, or a U.S. permanent resident ("Green Card"), or PERHAPS being designated sometimes as a 'political refugee', fleeing violence in their homeland.


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Whether or not the students are subsidized is mute. Each slot is subsidized by the state to the tune of more than the higher cost for out-of-state tuition.


So you are ok with subsidizing doctors' education but not K12 education? and they are not overpaid and we can afford to overpay them? even if they are already paying something in the 100-200k to get the license to make up to 300k a year?

Why not let the market economy lower the cost? Why not increase the number of doctors so they can cut each others' price, to reduce the nations' medical cost?

Why do you insist on defending a monopoly slot system and hand picking (or rather hand rejecting) people into these slot systems?

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But a U.S. citizen is not doing the work.


How will that cost you if they eventually become US citizens anyways (which doctor wouldn't become a US citizen if they are going to get a license) and how will more competition lowering medical cost not benefit you, the retired patient?

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We have no choice on trade bariers. We need stuff from outside the country. But we have a choice of who comes into the country. And we don't need more people to dilute wealth and resources.


Who said we have no choice on trade barrier? The only thing China has and we don't have is lower labor cost, and why having import dilute income of the workers is ok but having foreign students competing to lower doctors' income from overpaid (oops, i mean cannot afford) medical expense is not?

Other than a new dictionary, you need a new calculator as well.
 
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Originally Posted By: Tempest


If they go to school and become engineers, doctors, or whatever that is better for our country. The more smart people that are here the better.


The problem is that we still have the native population here. They need to be pacified somehow, or else they will just slit the throats of them who can afford groceries.

The big problem is that we allow people to be dumb, and they take advantage of it. Then we allow others into the country, they take advantage of their own work ethic and go far. The other folks are still there, just more jealous.
 
Originally Posted By: JHZR2
Originally Posted By: Tempest


If they go to school and become engineers, doctors, or whatever that is better for our country. The more smart people that are here the better.


The problem is that we still have the native population here. They need to be pacified somehow, or else they will just slit the throats of them who can afford groceries.

The big problem is that we allow people to be dumb, and they take advantage of it. Then we allow others into the country, they take advantage of their own work ethic and go far. The other folks are still there, just more jealous.


This is the fundamental problem of any "productivity gain" when you set aside any ethnic, background, up bringing, handicap, welfare, social service, charity, fairness, .....

In order for a system to be improved not only do you have to add good element to the system but you have to remove the bad. You can do that easily in a micro scale in a small system (i.e. private sector or a small organization), but if you have to do that as a nation without exporting people, you will not solve the problem by absorbing only the "hard working" immigrants, or improve efficiency in government organization, or cut off support of the people who cannot handle themselves.

Unless you can let them get out of the system (by death, by leaving the country, or by dealing with non allowed behaviors of desperate people trying to survive).

We already see resistance to immigrants when they cut into our own turf (i.e. those well off folks who are retired on pension and have children in medical field that are threatened with more competitions), but we tolerate or encourage them when it is at our benefits but at others' expenses (cheap import).

Class warfare (race, nation of origin, education level, health condition, income level, etc) is only to hide our own selfishness in the game of musical chair. You can blame the other guy all you want but eventually you will be someone else's "other guy who live off my hard work". Politicians love these game and usually fuel up the rage for their own gain.
 
Originally Posted By: Cutehumor
We need foreign doctors here, but they don't charge foreign prices!


lol, funny how that works, isnt it? Competition? Nah, not when a self-made monopoly can ensure excessive pay for all.
 
From Pandabear: Why not let the market economy lower the cost? Why not increase the number of doctors so they can cut each others' price, to reduce the nations' medical cost?

Why do you insist on defending a monopoly slot system and hand picking (or rather hand rejecting) people into these slot systems?

Funny how in our debate about teaching you vigorously defended their monopoly.

Glad I got to see your turnaround.
 
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