Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (41437)	11/14/2003 5:09:54 AM
From: elmatador	Read Replies (1) of 74559

Jobs are destroyed faster as new technology and new players enter the market, than they are created elsewhere. After that the jobs creation on the new markets and industries pick up the unemployed. Manual switchboards put operators out of work. Tractor put mules out of work. Robots in the assembly line put auto workers out of jobs. Oil put miners out of work. All that was very good. The brutish work, like painting cars and breatin paint. Digging coal under ground. Lots of dangerous jobs which were destroyed for us today be productive all the way to 70 years of age. Just few OECD countries have what we call jobs. Look today. Millions of Asians joined in. All with second graders operating computer controlled machinery. I find Quixotic this protestes against NAFTA, IMF, World Bank and Globalization. It is all because people are afraid. Fear is a big motivator. You need a superior brain to see beyond fear and envisage the possibilities. The primeval brain sees the threat only.

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