>--- Doug Henwood <dhenwood at panix.com> wrote:
>,
>> but I also doubt we'll see a solvency- and
>> stability-threatening mass
>> exodus either.
>
>Cant agree with this based upon what I am seeing in
>Silicon Valley here. The trend is towards outsourcing
>and much of that outsourcing will end up in China and
>India. Software prototypes might be developed here but
>then the down and dirty coding will be done in
>Bangalore.
Sure. I said "solvency- and stability-threatening mass exodus." I didn't say that jobs won't be lost and operations restructured. This is the ancient story of capitalism, isn't it? Textiles and autos have felt it, and now tech is. Tech isn't the new kid on the block anymore, growing at a 20-40% annual rate. It's matured, and now costcutting is moving in. Same with the geogrpahic dispersion - Massachusetts and Michigan in earlier decades, and now Silicon Valley. What is different is that it's hitting a social stratum that had thought itself superior and immune. Which makes it no less distressing and ugly, of course.
Doug