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

To: Big Bucks who wrote (7539)	10/15/2003 1:32:51 PM
From: chomolungma	Respond to of 25522

BB, The U.S. economy is already about 2/3 a service economy. In fact it may be as low as 25% of all jobs that are in manufacturing. There are some high value-added manufacturing jobs but most of them are low value added. The United States will always need some of these jobs as not all our population will possess the skills to do anything but. But the real wealth of the U.S. will depend on the intellectual capital of its citizens. It is the only way we will achieve an "above average" wealth for our citizens.

To: Big Bucks who wrote (7539)	10/15/2003 2:00:43 PM
From: Ian@SI	Read Replies (2) \| Respond to of 25522

I guess that means that neither XLNX nor ALTR nor hundreds of others can be successful unless they build their own fabs and make their own chips. that premise is non sequitur. A society cannot just survive by just consuming or designing. A society will thrive as long as it creates more value than it consumes. On a personal note, I've never manufactured anything. Yet, I've done reasonably well in getting compensated for the value I created. And I believe the same can be stated for the majority of the population. Manufacturing won't disappear, but it will continue to employ a smaller percentage of the population with each passing decade. Ian