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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (15444)12/12/2003 11:17:04 PM
From: bentwayRead Replies (1) of 306849
 
I'll give that increased efficiency adds to productivity, as does offshore outsourcing, and are producing corporate profits. But they both lead to less jobs here in the good 'ol USA. Your steelmill may have twenty highly paid contol minders and managers, but they displaced 200 well paid steelworkers. When the mill owner moves to Malaysia to reduce the labor costs of even those 20, they'll be sucking air too! I guess we'll all have to become investors!
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