Lizzie, the offshoring of tech jobs was perfectly predictable long ago. I did so and I was hardly alone. I knew people in the late '80s who tried to take advantage of the wage differential between here and India. THey failed, but the reasons had to do with bad Indian infrastructure (read: the power went out unexpectedly and stayed off as long as they wanted it off) and the absence of easy, cheap international communications that the internet provided.
This is a non-political phenomenon. It has nothing to do with GWB or the Republican Party. If you claim otherwise, then the onus will be on you to explain how that is true since the current economic malaise started when your hero, Clinton, was President. And that is a provable fact. I think even you know that now.
BTW, I was already a working engineer during that first PC boom. And had been for some time. Yes, I do remember, because I went through them, times when you could send out 300 resumes and, if you were lucky, get 2 or 3 "Dear John" letters back.
What is the market projecting?
stockcharts.com[g,a]daclnnay[d19990725,20040725][p]&pref=G
Well, working from October of '02, it indicates a recovery.
Working from January '04, it's down.
Do you base all your economic predictions on the latest wiggle of the stock market?
There is that old, old saying: "The market has correctly predicted 10 of the last 3 recessions." |
