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

To: Proud_Infidel who wrote (7580)	10/17/2003 11:33:10 AM
From: Bookdon	Read Replies (3) \| Respond to of 25522

I just read an article in this week's FORBES (page 45, "China Syndrome"). The gist of it is not to blame China for our woes. What is a bit unnerving is that the author says that Mayo Clinic is now e-mailing x-rays and MRIs to Bangladore, so that lower-salaried diagnostic doctors can be used. There is no choice but to get ever-better education for all Americans, or we will be left behind in the dust of the global economy. A hundred years ago most people in the US made their living in agriculture. It was inconceivable that even high school graduation would be required to get a job. Now we are on the brink of needing a college education for even a modest job. This (getting a good education)is certainly not the most wasteful focus of a country's resources.

To: Proud_Infidel who wrote (7580)	10/17/2003 11:37:12 AM
From: Big Bucks	Read Replies (1) \| Respond to of 25522

Brian...excellent points! I agree totally. BB

To: Proud_Infidel who wrote (7580)	10/17/2003 11:53:12 AM
From: robert b furman	Respond to of 25522

Micron is a leader in efficiency and they have next to no debt. They are a lean fighting machine. They are what we need to have more of.IMHO

To: Proud_Infidel who wrote (7580)	10/18/2003 1:54:48 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 25522

Micron Technology is one of the low cost producers of DRAM and yet they are based here. Japanese car manufacturers set up plants here. It is wholly disingenuous to say that we are unable to compete with the rest of the world. You are so right... I work in an area which has been decimated by offshoring trends but at least some of the reason for this shift has to do with corporate policies which actually penalize US workers. For example, H1-Bs no longer have to pay social security taxes (I agree they shouldn't have to pay it but the net effect is a tax on the US equivalent worker). If you close some of these loopholes which favor foreign labor, its amazing how fast things swing back to the norm and US labor becomes competitive again. Seeing this firsthand in my business has made me much more positive on US labor trends, and the effect on the US stock market than I was. I should say that the laws which are hurting US workers now were not put in place initially to do so, imho. There was a time in the 90s when we really felt we needed all the people we could get to work with US companies anywhere in the world.