Applied Materials No-Politics Thread (AMAT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMAT 225.61

-1.3%

3:56 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam Citron who wrote (10300)	6/9/2004 7:38:42 PM
From: Cary Salsberg	Read Replies (1) of 25522

RE: "I agree with this approach." I am not sure I do. That is, I am not sure, going forward, that globalization will increase the US economic pie. It has up to now, but the dynamics of global competition are changing. First, our trade balance indicates we are consuming more than we produce (in $ value). Trends seem to indicate that many of our most productive jobs are moving overseas. These jobs are being replaced with less productive, lower wage jobs. For some period of time, consumption can be maintained despite the jobs situation, but, inevitably, less job opportunity means less productivity which in turn means lower output and GDP. It is a difficult problem to determine if a US economy in isolation, where US workers produce what they consume, would be better for the welfare of US citizens. Obviously, there would be more incentive to apply capital to improve worker productivity than there is now when many industries pay very low wages.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next