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Technology Stocks : Intel Corporation (INTC)

INTC 36.26

+0.5%

Dec 18 3:59 PM EST

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To: Amy J who wrote (182733)	11/22/2005 8:35:52 AM
From: robert b furman	Read Replies (1) of 186894

Hi Amy, Certainly continues the elimination of unions power to drive wages artificially higher than what a global labor pool keeps down. This is long term bad for unions and good for consumers. Globalization has brought us cheaper high quality products and as the manufacturing base has been forced to where cheap labor pools are our flexible economy has morphed into a service oriented economy. In the long run this provides a higher emphasis on getting a higher education as we benefit greatly with a much cleaner environment - absent the rather dirty manufacturing business. I also believe this to be one of the reasons we escaped a recession this summer a s energy spiked - it just didn't work its way into the products being produced. Not good if you need a union for protecting your wage - many times it works into a lose all scenario.Unions know this and are making concessions slow but steady. Bob

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