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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 225.18-1.5%Nov 18 3:59 PM EST

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To: Big Bucks who wrote (7528)10/15/2003 11:54:22 AM
From: Ian@SI  Read Replies (2) of 25522
 
BB,

Do you grow your own fruits, vegetables, etc. in your back yard? Or is it more efficient for you to do something with higher value and just buy food from a food store?

The nature of work in the USA has continuously evolved:

Agrarian to Industrial to Electrical to Electronic.
With each revolution, displaced workers have probably suffered.

Nonetheless, higher value jobs have been created for those who acquire the skill to do them.

If you read some of Milton Friedman's works, he provides a compelling argument for letting work migrate to where it is done for least cost. In a nutshell, everyone benefits.

FWIW,
Ian
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