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To: Rarebird who wrote (60434)	11/2/2000 11:15:03 AM
From: Ahda	Respond to of 116764

The report also said hourly compensation rose a strong 6.4 percent, its highest rate of increase since an 8.8 percent gain recorded in the first quarter of 1992. Well this i know as truth in statistics from my vantage point. There are numerous positions out there and a dire need for qualified people in tech. Wages are continuing to rise and employers are just plain strapped. Profits in the high tech corporate world are going to be a problem. The difficulty in this situation is we are apt to price ourselves out of the market competition wise. I look at IBM changing to service versus hardware, competition is stiff. How can you create cash flow when you find there is nothing left to cut and to continue to operate you have to pay top dollar for top people. Then add to that innovation if you don't continue development and it has to be continued because we have no choice. We would loose our tech edge on the world market. There is no way you can control this with interest rates about all you would do by raising them is stunt the whole nation at this point in time. China heck if they invest in telecommunications interconnect the whole land, it is prime time to do it their labor costs are so low. Hk is hoarding jade like gold was once hoarded.