412 replies to this topic
Posted 03 August 2003 - 10:13 PM
This could be The End's cue, no bang, no whimper...just the buzz of forex $ digits going down.
This is the end
The feevish-knocking end, my friend
No mo' forex for you to spend
The tens duration doth portend
No more big boobs the bras suspend
Where is the Fat Lady's last...
Later. I'm doin' the 'whee' thing on the forex.
Posted 03 August 2003 - 10:24 PM
Gotta Laugh- $ slaughter city-Folks ya keep the faith ya get rewarded- got Roddie and Eric unplugged blasting away in the background-Yep I know Big Wave Viv and i are showing our AGE but hey where ARE the new HERO's there aren't any! Kinda says it all don't it-Trade safe!
Posted 03 August 2003 - 10:26 PM
I used to have real-time access to Gartner stuff when I was an IT consultant, for Unisys, NL yerpean distribution centre back in the 90's, and I thought they were very good. Gartner not Unisys
Was at a BBQ last night with an old friend who happens to be the out-sourcing director for Proximus, Belgium (mobile telephony co). He said they currently have about 350 EU IT contractors working for them... plan is to replace 200+ of the EU types with Indian and Filipino within 12 months. 3M is doing the same, here in Brussels.
The trend towards using Indian and other talents is by no means a USA-only phenomenon.
When we get ADR IPOs for these developing-nations outsourcing companies on the merkin stk mkt, it will make de Asian Screamers look like Bethlehem Steel, imo. lol
Posted 03 August 2003 - 10:34 PM
It's unstoppable: High tech jobs ditching US
The trend appears to be an unstoppable force, and that not just infuriates jobless workers but also worries some economists who say it may ultimately hinder the US economic recovery.
Posted 03 August 2003 - 10:34 PM
Gruffy-I din't realize you were from BELGIUM are you Flemish or Waloon?? Trade Safe!
Posted 03 August 2003 - 10:41 PM
Gruff - Great background! Always gotta go for the silver lining. Some of the Indian horses are already out of the gate:
WIT - Wipro, NYSE
INFY - Infosys, NASDAQ
and thanks for the gruff-o-meter on IDS. I'll be glued to it Monday!
Posted 03 August 2003 - 10:45 PM
[quote name='longOnUranus' date='Aug 3 2003, 08:34 PM'] [/QUOTE]
Congress will find it difficult to pass protectionist legislation on computer code. On the bright side, there is much more money in developing innovative gadgetry than in programming the increasingly modularized code by which they function.
The USA remains the marketplace of choice for commercializing nearly every innovation coming down the pike. Indians will find less and less code work over time. It is not a growth industry. India will get the jobs that would inevitably be lost by "progress".
As far as the human- telephone interface, voice rec will replace many of these jobs, at even lower cost.
China and PacRim is different, and a much greater worry. The Chinese have a deeply ingrained sense of enterprise which India does not, in general, have (many of the enterprising Indians have moved to the US and Canada; some are good friends of mine).
As other Stoolies have mentioned, the best thing Americans can do to prepare for the future is to learn Mandarin Chinese. [/quote]
I'll add to that. However, I doubt it is the leading edge of software that is being offloaded. May sound calous but probably the "back end" or commodity knowledge jobs.
I say this as from my work in Semiconductors, the aspect that gets moved around to cheaper countries is the back end of assembly and test. (ie/ saw up individual silicon from circular wafer, mount it into a package to take it to pins and test it). This is labor cost sensitive but low tech. Engineering support and direction is given to them. They just implement it and employ armies of operators at a low wage relative to US.
The leading edge technology of semiconductor is in the wafer fabrication and is highly knowledge intensive . Same goes for design, product engineering and marketing. These are not subject to same offloading pressures if a brand new device.
There are considerable barriers of entry to new tech: To develop and bring up a new wafer fab with leading edge technology incorporating latest geometries is 2 to 3 years. This will also cost ~$3 billion a pop. This is not counting the learning curves you have to go through to fine tweak designs which relies on experienced engineers. In your way is a Patent minefield.
As I see it a core of "high tech" types of jobs will stay in the US as they are insensitve to wage costs. You cannot spend billions of fab yet penny pinch on wages of relatively few key engineers. You need that fab to start contributing to cash flow ASAP.
US govt also will put up barriers to technology transfer. It will take a while for China or India to take these types of jobs.
Posted 03 August 2003 - 10:52 PM
Don't doubt it. Govt biz/perks may be conditional on % subcontracted to US companies just like defence.
Posted 03 August 2003 - 10:56 PM
Nottin so exotic, I'm afraid
I'm an expat Brit who has lived on-and-off in Brussels / Holland for past 13 yrs
I'm checking cost of flights to NYC for de forthcoming NYCASS meeting. If I can make it, then I'm sure ye can!
Looks like de flights are 1/3rd of price if I fly out of Schipol, Amsterdam. Wonder if OY and/or TheBrownOne would like to come along too?
Bri, hope to see ye in NYC! Just do it! LOL
I'm hoping TE will treat me to a 'pastrami on rye'. I've no idea what it is, butt I've heard it mentioned a gazillion times in merkin TV programmes and films. I have a cast-iron constitution and can eat, just about, anything Ofkorse, I'll buy a few beers in return
Posted 03 August 2003 - 10:57 PM
While the USofA is tanking, I wonder what the rest of the world will be doing to cope since we won't be able to afford anything but the basics?
Go ahead, void the warranty...
Posted 03 August 2003 - 10:58 PM
OMG it is Gollum from Lord of the Rings. How do I get her autograph ?
Posted 03 August 2003 - 11:14 PM
wooooowza....fire up the pits....I have a very sick feeling in my stomach about tomorrow and Im a BEAR.....We could have a Black Monday on our hands in short
time...expecting a sea of red tomorrow..where will it end? Probably pulling Sodamn out of the freezer as I type.....15 strong going in ...trade safe
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"
NC STATE UNIVERSITY
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