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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (21744)	12/4/1998 10:30:00 AM
From: coug	Respond to of 50167

Thank you for your response, I know that rolling and rotation helps, but can the laid off oil worker move into hi tech easily and quickly? Also will we in this mostly capitalistic and individualistic society be willing to help the segment that is down?? I guess to a certain extent, we do, through unemployment, welfare and so on but it is a very small effort in the grand scheme of things... And one problem, which is larger IMO, is the globalization of industry.. Not only can North America produce,, but the WHOLE world can produce.. making the problem much larger when it happens. Thanks again and we will see.... the Coug

To: Lee who wrote (21744)	12/4/1998 11:33:00 AM
From: James Strauss	Read Replies (3) \| Respond to of 50167

Benefits Of Technology... ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Good post Lee... The Invisible Hand of Adam Smith is alive and well... You put it best when you used the word equilibrium... Shortfalls in one area create openings in another area... Another example of productivity improvement is the industrial revolution... People moved from the farms to the cities where the jobs were... In the cities automation took over many of the manual tasks... Instead of reducing jobs it created new opportunities in the Auto industry, Armaments, and other Consumer products... As production started moving offshore a new opportunity in the service sector (Computers and related) opened up... This has a tremendous appetite for skilled employees... An offshoot of this is the internet... The satellites, that we are continually deploying, are at the forefront of a growing space related industry... And the beat goes on as long as someone has an idea and acts upon it... Jim