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To: Lee who wrote (122725)	5/6/1999 12:08:00 PM
From: edamo	Respond to of 176387

lee...<ot> how did business go on to good earnings... productivity thru technology, and cost cutting through "downsizing" moores law doomed "smokestacks" moores law not even known of, when the death knell began tolling for the stacks..."beancounters" looked at investment opportunity of cash, instead of reinvestment into manufacturing...fatal to all of our heavy industries...ability to create "service" business was saving grace for usa economy...shifting of manufacturing beyond our borders caused imbalance in trade....agree higher tech job growth...but what of the life of the rust belt assembly line worker..."you want fries with that?" also imho....ciao, ed a.

To: Lee who wrote (122725)	5/6/1999 3:06:00 PM
From: edamo	Read Replies (2) \| Respond to of 176387

lee..<ot>...further to greenspan and how did business go on to good earnings in a higher interest rate environ... house.gov report a few years old, but still contemporaneous...greenspan has to look no farther for a labor pool, than companies who still downsize white collar workers...as att is in the process of doing....nothing to do with moores law....just a cold way to bolster the bottom line, at the expense of the employee....what are all these new jobs being created beyond the tech sector, where are the rise of wages with unions?...reality, no upward wage pressure, for the pressure is on the employee to remain employed!!! ed a.