Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (61103)	11/15/2000 1:34:20 PM
From: long-gone	Respond to of 116762

<<By lowering the US dollar we would put ourselves into depression. >> It will most likely, at some point, go down anyway. IMHO anyone that contends this should look into the concept of "creative destruction" of which Alan Greenspan speaks. Sure, The people that are now working in the fields of importing goods would not be. Life goes on. Consider this, Holding any currency at any artificial level is just another form subsidy. Those that now work in the field of import would need change their job skills into the fields of export. Think of all the good manufacturing jobs that would become available again here in the US! Think how much better a Ford built in the US will look to US buyers if a Toyota built in Japan costs 15% more! How many prior displaced mine farm and manufacturing workers now in low paying part time service jobs will simply be gone back to their old jobs? We may need more immigration - not a problem.

To: Ahda who wrote (61103)	11/15/2000 1:37:07 PM
From: Ahda	Respond to of 116762

-------------------------------------------------------------------------------- Hong Kong is facing a crisis in the supply of well-educated workers at a time when jobs in the hi-tech and professional sectors are set to surge. Urgent measures, including a possible relaxation on the importation of mainland professionals, might be needed to meet the shortfall, a senior official said yesterday. The Government's "Manpower Projection to 2005" study shows the need for workers will grow from 2.9 million last year to 3.3 million in 2005 - an annual growth rate of 2.4 per cent, or an increase of 433,600 jobs. Finance, insurance, property and business services will create the biggest demand, with the Government forecasting 176,000 new jobs created in the sectors over the next five years. After matching projected staffing requirements, it is expected there will be a shortage of 116,900 jobs requiring education levels of secondary and above. "Unless we are able to address this mismatch, we may not be able to take full advantage of the new job opportunities that may arise and this may affect Hong Kong's progressive transformation into a knowledge-based economy," Secretary for Education and Manpower Fanny Law Fan Chiu-fun said. "On the issue of importing professionals, our data has shown that there is a shortage of qualified manpower in areas such as information technology and financial services." Cutbacks in manufacturing look set to continue, with the number of jobs in the sector expected to drop by 51,700 to 196,800 by 2005.