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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (159147)	8/29/2003 5:05:25 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

I have no clue why you would want to argue something so obvious with me. It may be obvious to you, but only because you decided that's what you wanted to believe, not because it's supported by the facts. Here are the figures for employment in the types of jobs you seem convinced are disappearing rapidly. Note there's actually been a small gain. Occupation July-02 July-03 Computer and mathematical occupations 3,217 3,036 Architecture and engineering occupations 2,631 2,837 Total 5,848 5,873 Source: BLS, Table A-19, July 2003 As for the unemployed, here are the numbers and rates for those same occupations: Occupation July-02 July-03 Computer and mathematical occupations 148, 4.4% 181, 5.6% Architecture and engineering occupations 128, 4.6% 128, 4.3% Total 276, 4.5% 309, 5.0% Source: BLS, Table A-29, July 2003 But thanks for the link to the i triple-e guy's testimony. I see much of the "evidence" of the flood of jobs overseas is Forrester projections. Aren't they the same people cited by analysts, VCs, entrepreneurs and hopeful investors as proof of the practically unlimited potential of various now- defunct dotcoms? ;-) The only factual data in the testimony is anecdotal evidence from a handful of large companies and selected country data on science and engineering degree recipients. In other words, they're only predicting the flood - they have no hard evidence it is happening to any problematic degree. The i triple-e is lobbying for protectionist barriers in anticipation of foreign competition for engineering jobs. It doesn't surprise me, but self- interested warnings are not the same thing as facts and don't make your case. Nor do they make erecting such barriers a good idea.