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To: NOW who wrote (16604)	2/4/2004 1:34:06 AM
From: Amy J	Respond to of 306849

RE: "Must be the reason average American salarly has fallen by ten grand over the last three years. " Very true. Venture capital fell during the bust years. Angels are now carrying 50% of the load to the tune of $15B, according to a Q4 industry report. The Internet boom was created with $100B (not all of it well-spent, but some good came out, eBay, etc.) There's an area on the East Coast that is booming due to the defense spending ($100B.) It's amazing how new innovations can hold up and improve wages. If innovation drops, like it has over the past three years, our wages erode. Regards, Amy J (Innovation creates a demand for workers with new skills. Those new skills are limited, so wages go back up.)