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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.43

-0.7%

Jan 29 3:59 PM EST

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To: RetiredNow who wrote (64980)	10/18/2003 5:41:45 PM
From: RetiredNow	Read Replies (2) of 77400

On another note, I think everyone is SERIOUSLY underestimating the impact that the imminent retirement of the baby boomers will have on our economy and workforce. Check this article out: money.cnn.com I'm a big believer in demographics and how large trends like these structurally change our economy. Like I said in a previous post, all of you who worry about offshoring to India and the high unemployment rate won't believe it until it happens. But by 2008, we will be at an unemployment rate that is lower than the rate was at the economic peak we had in 1999-2000. Almost 20% of our labor force of 147MM will retire by 2008. That means pricing power will be back in the hands of the employees and companies including Cisco will not be able to hire as many workers as they need, even WITH the massive offshoring that is already underway at all of these tech companies. If you can manage to hang on to your job for another year or two, you will be out of the woods and have pretty good job security for the next couple of decades, if that's how long you plan to work. JMHO.

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