[lelio]

And those jobs could come back....it just might take a while.

In the long run we're all dead.

they're going to hire every single one back as a network administrator?

Nope, most likely they'll hire back 1/10th tops. But there's a chance in there for people with some motivation to get hired on for a position that's more advanced and using the skill set. What's a laid off computer programmer that was displaced as someone in India will do the job for 1/15th of this cost supposed to do?

In that case there's no "construction" side to the creative destruction of capitalism. There's just a hole. Now you can say "Well he can move on to another field" -- joining his 10k fellow programmers / radiologists / CPAs / etc.

[sly671]

well, who knows how long the long run will be? If you see how fast the economy fell apart at the end of Clinton's tenure in office, it could just as well climb as fast. As for that computer programmer, he or she can move to India. Either that, or stop whining and find another job.

[XBob]

153- "there's no "construction" side to the creative destruction of capitalism. There's just a hole. Now you can say "Well he can move on to another field" -- joining his 10k fellow programmers / radiologists / CPAs / etc."

bttt