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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (11748)7/25/2003 7:48:10 AM
From: Mike da bearRead Replies (2) of 306849
 
Darfot, excellent comments you supplied to the quotes. You're right on. People (even the other engineers I work with) think it's no big deal with exporting the IT jobs. They say we just need to come up with the next revolutionary idea which will then employ people.

What they miss is India and China have a relatively unlimited supply of human capitol. This means their cost will always be much much lower than in the US. No job will be done in the US unless it requires physical presence here (auto mechanic, landscapping, doctor, etc). I worry for the future for my kids. What should the go to college for? I guess they have to do some type of service industry job which can't be easily exported.

Why is this not discussed by politicans? Maybe because they have no clue as to how to prevent it. I don't.
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