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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Marc Hyman who wrote (52972)2/7/2006 4:10:15 PM
From: GST  Read Replies (1) of 110194
 
You missed the point. The Silicon Valley job is the kind of job that will support a middle class -- these jobs go and it gets harder and harder to be the wealthiest middle class on earth. These are the jobs that will increasingly be globally contested. You say it comes down to "cheap" - and who can deny there is a pricing issue. But the future will be the quality and quantity (price) ratio, and the quality and quantity advantage is clearly shifting to the global suppliers. When the offshore source is actually better, and it will come to that, then we will be BOTH more expensive AND lower quality -- in other words, unemployed. We must be BETTER to compete in the future -- and there is no way to know if we can maintain a quality edge -- and no reason to assume we will at the rate we are going.
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