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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

3:59 PM EST

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To: Dennis Doubleday who wrote (65614)	6/24/2004 9:34:30 PM
From: Paul V.	Read Replies (1) of 77400

Dennis, >Wage growth is lagging inflation.. . .It is easy to see why those in the investor class think things are just fine, though.< My thoughts exactly. However, with the internet, globalization and outsourcing I can not see any alternative. The wages in the US will probably be stagnant until the wages come up in India and China which will be many year, IMO. I can see two classes emerging, the investor class and the working class who make lower wages. The middle class (those making around $100,00 salary) that we knew it will probably be reduced in size. Paul

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