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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (49795)	5/8/2009 1:08:46 PM
From: elmatador	Read Replies (1) \| Respond to of 218056

On contribution of labor. Labor going up capital goes to automation. Since it is impossible to automatize everything, labor is still contributing albeit in other countries that have it aplenty. Pre-globalization (in OECD) labor contribution went down as its costs were pointing only up. Automation kicked in as capital was used instead of manpower. Note that: 2/3 of the scientists and engineers of Cold War time were directly or indirectly working with defense related projects. Thus no competition from shirtless countries. AND shirtless lands were uneducated, costs of communications were astronomical. No immigrants and H1B holders piling up to work for less money. Once Cold war ended, globalization kicked in. costs of communictaion weht down dramatically. Civilian work can go anywhere. and it went.