>Case in point: Try paying 100 times more for housing and healthcare in LA, once the vast majority of people are getting paid like call-center agents in India,

>Case in point: Try paying 100 times more for housing and healthcare in LA, once the vast majority of people are getting paid like call-center agents in India, won't work, can't work. So, a bubble will burst and prices will decrease. You can already find cheap (as in cheaper than in India!) apartments some 30-40 mins away from Manhattan on the subway.