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Technology Stocks : JDS Uniphase (JDSU)

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To: Diana who wrote (10718)	6/2/2000 9:34:00 AM
From: Jeffrey James	Read Replies (2) of 24042

Low unemployment, productivity and out-source to India. I live in the Boston area where unemployment is zip. We have lots of reqs for engineers and programmers. We would pay well if we can find the right skills, but it's hard to find anyone to even apply. We can't find the people we need flipping hamburgers at McDonalds. The positions have to stay unfilled. The result is our productivity is way up. Sales are booming. We can't find people, so head count remains constant. Somehow, the important work gets done. We are moving some work to India. Smart people, good people. Raises productivity again since the wages of a programmer in India is much lower than here. Law of unintended consequences in action

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