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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: regli who wrote (47840)12/20/2005 9:09:37 PM
From: arun gera  Read Replies (1) of 110194
 
>This is the standard answer. However, I think it misses a crucial element and that is the growing obsolescence of human capability.

Regli,

The cars of today are 100 times more reliable than those of 1910. How come such a large number of people are working in the car repair business?

The computers of today are much more reliable than 20 years ago. How come 5 million computer technicians are out there fixing things?

When one technology becomes reliable or powerful, engineers and designers will stretch performance and feature requirements that would ultimately weaken the system, and result in human intervention.

-Arun
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