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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 3:59 PM EST
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To: RetiredNow who wrote (65634)7/1/2004 11:55:19 AM
From: Proud_Infidel  Read Replies (2) of 77400
 
However, the brightest economic minds in the world (along with a few students in ages past) have come to the same conclusion that the ability to move economic resources frictionlessly throughout the world is the best way to ensure that economies are optimized and maximum jobs growth is sustained.

That is a fact and it applies to the offshoring of tech workers. It's a harsh reality for those who never recover, but the long run effect is a richer and better jobs environment for Americans, as long as we can retain our competitive edge of identifying the next horizon and educating our people to lead the world to that horizon.



Your "fact" does not take into account the manufacturing jobs being lost at an unprecedented rate in this country. Can America be a country of high living standards by service jobs alone, especially when many of the service jobs themselves can be done more cheaply in India or some other country? Who is to say that the service sector will not be decimated a decade from now like the manufacturing sector has been? This is something your MBA project did not address, and is only something whose results can be seen in the rear-view mirror, a truly scary proposition.

Brian
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