Applied Materials No-Politics Thread (AMAT) Message Board

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

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To: Cary Salsberg who wrote (10286)	6/9/2004 9:13:41 AM
From: willcousa	Read Replies (1) of 25522

The evolution of economies from the day the first seed was planted has proceeded just as it is proceeding now. As an economy becomes more capable the quality of its' jobs increases. Take farming. The consolidation of farms began with the pioneers. Some farms never made it. Those people either had to work for others or move to the city. As mechanical capability grew the ability of each farm worker was leveraged and farms consolidated. By the 1950's in the midwest (where farmland was relatively productive) one farmhouse in 3 housed a former farmer who had gone to work outside of farming. Today that number is about 3 in 5. The movement is relentless but in no way new. The same has been true for numerous industries. I think all know the movement of the textile industry from England to the U.S., from the northeast to the south, from the south to Japan and the like, from there to Taiwan and Hong Kong, from there to Indonesia, from there to Costa Rica, the Phillipines and Thailand. This is how economies evolve and it is repeated in every industry. Jobs go to where the product is produced the best - that means cheapest with acceptable quality. This gives the world in general the things they desire at the best price. It makes more goods and services available to more people at an affordable price. I don't think that is so bad. At the big picture level it might even be viewed as altruistic. At the same time millions of folks who were formerly living at a subsistance level are moving out of it, building self-worth, learning valuable skills, etc. The central issue here is whether the economic pie is finite or can be grown. If you believe it is finite we really cannot go much further.

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