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Technology Stocks : PC Sector Round Table -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (499)	6/21/1998 7:56:00 AM
From: Pierre-X	Read Replies (2) \| Respond to of 2025

I have to take issue with some left-wing opinions presented as fact in the NYT article: It said: ...many people now earning moderate incomes will be forced to move into low-skill jobs at the bottom of the employment ladder. That's patently false. Some will move down, some will add to their skills and move up. It said: But many labor experts agree that the new technologies will contribute to the growing polarization of the job market into high- and low-skilled jobs and a corresponding disparity in wealth. This type of simply incorrect hand-waving disguised as journalism I find amusing. It said: UPS quietly deployed a speech recognition system developed by Nuance that gives package tracking information in response to a caller's spoken commands. Last Christmas Eve, the system handled 193,000 calls, double the daily average for UPS. Company officials declined to say what the system cost but said it had paid for itself in less than three months. This, gentlemen, is what as known as "productivity increase". As if I had to tell you. <g> I believe this is part of the value proposition that will drive SR/VR/AUI into hypergrowth before the turn of the century (based on "recursive demand"--where consumers experience a massively positive income effect from the utilization of a new technology, thereby feeding back more demand for that technology). PX