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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.01

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Dec 19 4:00 PM EST

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To: TobagoJack who wrote (9917)	10/8/2006 11:52:26 AM
From: Mary Cluney	Read Replies (5) of 218621

(ii) american jobs are being transformed, via fiat money inflation and officialdom business-unfriendly red tape, into chinese jobs You make this sound like some great Chinese victory - setting up these mind numbing assembly lines where people spend long hours doing very simple manual labor. The owners of these factories sell these products at barely over cost. The American Right Wing do not have a clue making complaints. These jobs are not good for Americans. These jobs are inevitably going to be computerized - using robots or whatever. Sure the American middle class are being temporarily hurt by this outsourcing. But, over the short to intermediate term, the American middle class will readjust and will be much better off for the future and be prepared for the jobs of the future. Temporarily the outsourcing is great for the Chinese economy. But the American middle class will really be the bigger beneficiary over the longer term. Actually it is a win win situation.

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