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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Skeet Shipman who wrote (1557)3/9/2004 9:25:57 AM
From: mishedlo   of 116555
 
All the answers are right here on this board and have been for some time.

Outsourcing to India and China
Increased Productivity
Workers in the US working longer hours but those hours not being counted.
Overcapacity for things on a global scale.
India and China wages 1/20 of ours (or less)
Rising health and benefit costs in the US
Rising education levels overseas.

The trend is just starting.
Every job that can go overseas probably will.

Mish
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