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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (108969)	8/1/2003 9:07:45 PM
From: Dayuhan	Read Replies (2) \| Respond to of 281500

I think the pace and scope of hitech globalization is going to take a lot of people by surprise, and it has an impact on our job market that people might not yet have factored in in terms of economic recovery. <rant> I think that in the long run the impact will be positive. We can’t rely on domestic demand to drive our economy. Demographics alone tell us that it’s not going to be there forever. The top of the baby boom bell curve will cross age 46 – the age at which average spending peaks – in 2005. That puts a certain amount of writing on the wall. We need to export to the places where the people are. We can’t export our products to poor people, because our products are expensive. We have a huge long-term interest in seeing a prosperous, tech-savvy middle class emerge in these countries. There are security issues as well, of course: people think less of making messes when people are working and economies are growing. I find it hard to get incensed about the prospect of jobs migrating from a country with 6% unemployment to a country with 15% unemployment. That’s the market at work, and I trust the market. That’s why people here call me a liberal. </rant> Wait a minute, I think I mixed that up…..