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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (24978)	10/7/1998 12:28:00 AM
From: Big Bucks	Read Replies (3) \| Respond to of 70976

PV, RE: Using your scenario, what happens when Japan then declares the same policy and pull it money out of our banks, businesses, etc. IMO, the US is so global and money moves so fast (a key stroke) that money will flow to the country which will give the best returns. US workers, whether we like it or not, are going to have to compete with the rest of the world workers until the wages are similar. This means that wage, if they rise will be very, very slow. Good points, but how are Japanese banks/financial institutions going to make any return on their capital, certainly not in Japan or Asia. US securities are the only safe haven for them to invest in where there is safety as the world monetary system/deflation continues reducing the intrinsic value of their capital assets. The US worker will not be labor cost competitive compared to Asian workers for many years to come. Our economic structure depends on taxation from well paid workers to support our infrastructure. The Fed and politicians will want domestic peace and relative tranquility in industry and the labor force. In any case, there are tough decisions to be made and acted upon and I don't think any politician worth his salt will do anything to aggrevate US workers/voters. If a choice has to be made it will be for the overall benefit of US economic/political interests, even if it is at the expense of foreign concerns/agenda. Just my opinion, BB to be made

To: Paul V. who wrote (24978)	10/7/1998 4:55:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 70976

> Even, now, here in Jefferson City, MO we are seeing a large number of programmers and other computer technician being hired from China and other locations. I expect that it is worse in Silicon Valley and other parts of the West Coast. I wish I could find the programmers I need here in Silicon Valley or on the west coast. I find lots of them from India, Pakistan and China because apparently those countries bother with educating their population. I think it was Robert Reich who noted that something like 2/3 of the US population don't have enough education to realize they aren't well enough educated to compete in the global jobs market. Very true, and may understate the case as we move even further away from low-skill jobs. The simple fact is that low education makes you qualified to stitch Nikes together in for $.50 per day. Tariffs and other protectionist measure can only prolong the situation for a very short while. mg