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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 9:30 AM EST
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To: Proud_Infidel who wrote (65665)7/1/2004 4:02:45 PM
From: RetiredNow  Read Replies (1) of 77400
 
No one knows the future and it's possible that we will move from an information economy to something else, just like we moved from an industrial economy to an information economy.

But you must have missed that shift, because that structural shift already occurred: industrial => information. That means that our economy rebalanced and recognized that resources should be allocated to service-based businesses for the best leverage. So alot of manufacturing was pushed offshore...and good riddance. Do you really care if your t-shirt is manufactured in the U.S.? I know I don't. But many decades ago, people would have been appalled that t-shirt manufacturing was moving offshore at an alarming rate.

By the same token, right now many of you might be appalled that software manufacturing (offshoring of IT resources) is being offshored to India. But a couple decades from now, it will be clear to everyone that it DIDN'T matter! Rather, it allowed us to focus on our greatest value, which is designing complex systems and stubbing them out, not filling in the blanks on the stubs. That's repetitive monkey work. I'm all for offshoring it, as long as we continue to spit out highly qualified C.S. majors who know how to design the complex systems.
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