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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (7534)	10/15/2003 12:36:14 PM
From: chomolungma	Read Replies (2) \| Respond to of 25522

Will you concede that manufacturing capacity is an absolute necessity for economic growth? Imagine a world where you have two groups. The first is well educated and designs the products to be made. The second is poorly educated and only has the skills necessary to manufacture. Which do you think will be the higher compensated group? I would argue the first.

To: Big Bucks who wrote (7534)	10/15/2003 12:43:55 PM
From: Ian@SI	Read Replies (1) \| Respond to of 25522

BB, I'd readily concede that manufacturing prowess WAS an absolute necessity for US economic growth. I'm not convinced that it IS necessary today or WILL be in the future. I'm less convinced that the manufacturing must be done in my home town, state or country. Just as the number of Agrarian workers has sharply reduced during the past century, such will be the fate with manufacturing jobs. Automation, globalisation and increasing electronic content are irresistible trends. And I further believe that as this electronic revolution progresses, the average quality of life will continue to improve. The latter is my opinion. Not Milton F's. And I've been known to be wrong on occasion. Best wishes, Ian