The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (16591)	2/3/2004 12:41:42 PM
From: bentway	Read Replies (3) of 306849

<there's no way the US can be competitive with China or India. with wage differentials exceeding an order of magnitude, the stretch is too big. > The only way that's occurred to me is totally robotic production, with services performed by A.I. entities. Once such an infrastructure is amortized, it would be free, minus some maintenance, from then on. That's the only way I see us getting the manufacturing and services back. Of course, it provides jobs for no one! More likely is a declining living standard here coupled with a rising living standard in India and China. As their salaries rise, perhaps other regions will suck jobs from them. Africa has been a globalization bystander. I see a lot of pain for developed countries going forward.

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