Re: Unpopular argument: Sending tech jobs abroad is good

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#1007

From: poldy
Date: Sat, 07 Feb 2004 00:57

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In article <37bc9e37.0402061218.3f84e20@posting.google.com>,
 richardhutnik@hotmail.com (Richard Hutnik) wrote:

> 1. Innovation, by its nature, is unpredictable.  The invention process
> is one of random bursts of insight, followed by a ton of refinement. 
> One doesn't know where it will come from at all.  To say this is going
> to offer salvation for the American economy and employment is highly
> presumptive.  It is even presumptive to assume that there is going to
> be some magical new industr appear and fix all the ills.

We do have a magical new industry.  It's called retail.

About 30-40 years ago, the number 1 employer was GM, which offered good 
jobs with which the breadwinners could support his family, including 
buying a home and educating his kids.

Now the number one employer is Walmart.  Can you buy a home on a Walmart 
pay?

According to the jobs report today, 112,000 new jobs were created in 
January.  Out of those, 76,000 were retail jobs.  Meanwhile, 
manufacturing lost 24,000 jobs for the month.

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From: poldy <poldy@kfu.com>
Newsgroups: alt.computer.consultants,soc.culture.indian,alt.politics.economics,ba.internet,soc.culture.british
Subject: Re: Unpopular argument: Sending tech jobs abroad is good
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