People said the same thing about Japan in the 80's. Remember when the Japanese were going to be the new kings of the world, Japan Inc. etc.etc.
Well look what happened.
JMO, the dot com bubble burst and now IT profesionals aren't in as much demand and now they also have competition. Just like the auto and steel workers found out in the late 70's. Of course the unions blamed Reagan for their plight, kinda of like the new IT worker who is facing foreign competition knee jerkingly blames Bush.
Welcome to the real world, IT workers.
People said the same thing about Japan in the 80's. Remember when the Japanese were going to be the new kings of the world, Japan Inc. etc.etc.
Different times different conditions and quatos and tariffs were used to limit the predatory practices of the Japanese.
In short your false analogy is moreintentional misrepresentation on your part.
Lemme see if I get this right. Japanese companies built a better mousetrap in Japan using Japanese capital and Japanese knowledge and Japanese workers and beat the pants off of us. Am I correct in how I'm looking at this?
Well look what happened.
Weren't they the ones who first started investing in China?
JMO, the dot com bubble burst and now IT profesionals aren't in as much demand and now they also have competition. Just like the auto and steel workers found out in the late 70's.
Slight difference here. American companies didn't finance the Japanese in the 1970s that I recall whatsoever. The Japanese built themselves up and built a better mousetrap. Right now, its American companies leaving the fold.
Seems pretty obvious. Comparing what is going on nowadays to Japan in the 70s and 80s is like comparing apples and oranges.