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To: Lizzie Tudor who wrote (12585)	8/18/2003 1:51:20 AM
From: Wyätt Gwyön	Respond to of 306849

i think the trend has been to increasingly sophisticated services being offshored. obviously there will remain high-value-added stuff here, but because tech is such a horrible business in the first place (compare the life cycle of the latest hot Apple product to the life cycle of the beverage called Coca-Cola, and you'll understand which is a good business and which is a bad, if glamorous, one), there is usually not much profit to be had except with low costs. thus tech will increasingly move offshore. the thing about the 80s was, the high USD value killed the makers. but even the incredible weakening of the USD subsequent to Plaza did not help them that much, in terms of profit rates (nor did it help workers much in terms of real income gains). now that the bubble is over, and the USD is still overvalued, it is a much worse situation.