IMHO/FWIW
The comments of most of the people on this list are mostly from auto
industry related experiences and observances of the past. These pretty well
seem to
mirror the US economy in general, regarding what we now call outsourcing.
I was getting pretty down on the future in general until the timely showing
last night of the CNBC special on Warren Buffet, third richest man on earth
and a pretty neat guy to boot. What he said that was heartening is that in his
recent travels to China he observed they are already outsourcing labor to
Viet Nam because the Chinese economy and standard of living has escalated so
rapidly. I read a while ago that Japanese hourly auto labor has been higher
than the US for a significant time but didn't think that the Chinese, being
both a Communist and Capitalistic nation would catch up this fast.
Anybody our age not notice how cheap stuff is that we actually paid more for
twenty years ago, mostly electronics and textiles? I am not a fan of foreign
child labor/price fixing/crap products/Illegal Immigrants, BUT that aspect of
it was part of the financial boom that came crashing down right along with
the Twin Towers. I feel we are on a downslope now, but it is fixable.
Check out the Financial rebirth of Ireland, we must do what they did, Same
problems, same solutions.
Bob, oversimplifies?, W
PS JACK !!!... Ron Paul wears a tinfoil skull cap
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