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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (14418)10/31/2004 8:31:39 PM
From: philv  Read Replies (1) of 116555
 
Industrialization surely causes loss of jobs whether it be in USA or China. However, I wonder if all the spin off industries and jobs, from small producers to transportation, storage, etc. are considered. Obviously, if one loses manufacturing jobs and infrastructure, regardless how many jobs are involved in that particular endeavor, it is the other's gain and thus can't be discounted.

But of course, according to Greenspan, we don't really have to make anything, because we can conceptualize better than anyone else! gg
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