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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: fatty who wrote (7505)	12/21/2002 12:53:53 AM
From: tony	Read Replies (1) \| Respond to of 306849

>Well, today it is Java programmer but tomorrow it could be accountants, doctors, lawyers, management etc. Jobs disappearing will continue. I do believe we will be loosing accounting jobs also. Anything that needs, phone & computer will be outsourced. Computers and internet has made this one Global community. Pentium4 are super & dirt cheap. My handyman is super busy. His minimum is $50 and he is swamped. His future is secured so is RN.

To: fatty who wrote (7505)	12/21/2002 1:54:58 PM
From: MSI	Respond to of 306849

In that regard, it's interesting to add the long-term expectations for the market and capital-formation (thoughtful contrarian like Mauldin 2000wave.com has insightful comments). He expects we're headed for long-term decline of P/E, and if overall globalization continues, both effects will compound each other on the downside. It looks from this vantage point like wages will decline for technical work, and with telecommuting capabilities improving, many other kinds of work. It's hard to see how globalization can be stopped anyway (or as someone else said, actually "Americanization" of the planet), as other countries continue inevitable industrialization. In light of that, recent high salaries for the usual tech jobs might be the high point for a long time.