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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: fedhead who wrote (158826)	7/28/2003 6:18:26 AM
From: Lizzie Tudor	Read Replies (3) of 164684

Besides India and China there are a whole of East European countries/ Russia which have a very well trained technical labor pool that will be a destination for these jobs. That isn't true Anindo, these people don't know what they are doing and their culture is not ideal for enterpreneurial work. This period in US economic history is no different than the 80s when every company over-offshored manufacturing to China and a lot of US companies failed as a result. I'm sure that Oracle will fail eventually unless they reign some of this offshoring back in. In the 80s IBM had a huge global labor force which didn't help in any way as the company unravelled and was taken down by small upstarts. I am quite aware of Friedman's stance on free trade and more or less support it if conditions are right. Currently, conditions are not right because as you say currency is not floated and here in the US a substantial portion of the tax burden is placed upon the workforce and that needs to change in order for me to believe free trade is equitable for the US.

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