Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Nov 24 3:59 PM EST

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To: Proud_Infidel who wrote (7580)	10/18/2003 1:54:48 PM
From: Lizzie Tudor	Read Replies (2) of 25522

Micron Technology is one of the low cost producers of DRAM and yet they are based here. Japanese car manufacturers set up plants here. It is wholly disingenuous to say that we are unable to compete with the rest of the world. You are so right... I work in an area which has been decimated by offshoring trends but at least some of the reason for this shift has to do with corporate policies which actually penalize US workers. For example, H1-Bs no longer have to pay social security taxes (I agree they shouldn't have to pay it but the net effect is a tax on the US equivalent worker). If you close some of these loopholes which favor foreign labor, its amazing how fast things swing back to the norm and US labor becomes competitive again. Seeing this firsthand in my business has made me much more positive on US labor trends, and the effect on the US stock market than I was. I should say that the laws which are hurting US workers now were not put in place initially to do so, imho. There was a time in the 90s when we really felt we needed all the people we could get to work with US companies anywhere in the world.

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