[A. Pole]

Do you mean that they'll dump their goods on the market, push all the competition out, monopolize the market for "chips", and then raise prices and gouge the consumers?

Raise prices yes, but not higher so the cost of entry (re-starting from the scratch) will be too high for the competition.

[ninenot]

More, from Norm Matloff's letter of yesterday:

Mark Zandi, chief economist at Economy.com, a West Chester, Pa., research firm, agrees that new hiring is slower than expected because of offshore activity. He said work will return to the nation over time, as wages rise in developing countries, and as foreign companies look to hire skilled American workers. But, Zandi said, ''Right now and for the foreseeable future, we're probably losing more jobs than we're gaining in this process of globalization."

[ninenot]

More, from Norm Matloff's letter of yesterday:

Mark Zandi, chief economist at Economy.com, a West Chester, Pa., research firm, agrees that new hiring is slower than expected because of offshore activity. He said work will return to the nation over time, as wages rise in developing countries, and as foreign companies look to hire skilled American workers. But, Zandi said, ''Right now and for the foreseeable future, we're probably losing more jobs than we're gaining in this process of globalization."