Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 226.05

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Nov 14 9:30 AM EST

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To: Cary Salsberg who wrote (10341)	6/11/2004 12:51:25 PM
From: TimF	Read Replies (1) of 25522

The model for what will eventually happen to white collar jobs is what happened to blue collar jobs. No new manufacturing industries arose to replace the lost manufacturing jobs. We manufacture goods worth more today then we did 50 years ago or 40 years ago or 30 years ago or 20 years ago, and I'm pretty sure thats also true about 10 years ago. We may employee less people to create the goods but that is more a sign of increase in productivty then it is a sign that we are getting are clocks cleaned by foreign competition. If you consider "outsourcing" a continuation of the process that exported US manufacturing, then you can't help but "see how US absolute standards have declined due to outsourcing". Except that American living standards have not declined. reason.com (BTW what exactly is the limit on what is considered politics. This subject has not been a partisan political debate but its strickly speaking not about AMAT) Tim

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