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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (12576)8/18/2003 12:00:40 AM
From: Wyätt GwyönRead Replies (1) of 306849
 
actually i think one of the easiest predictions to make in economics is that the US will continue to lose skilled jobs overseas, both in mfg and services. the barriers--technological, social, and most importantly, financial, are breaking down. there is too much of a cost differential. if employee costs are 10x cheaper overseas, either a co will go there or competitors will and the US co will be priced out of the market. this is a multi-decade phenomenon, which has actually been going on since the 1950s in the US, and the 60s in Japan and Germany. it is now accelerating because it is so easy to move capital these days.
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