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Subject:Re: Is IT growth slowing? From:"bwolf" <bwolf -at- scheidt-bachmann-usa -dot- com> To:"TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com> Date:Tue, 1 May 2001 11:39:51 -0400
Gee Nick, would you please explain to California "New Agers" why having
built a new powerplant or two in the last decade might have been wise?
From: Klasovsky, Nick <nklasovsky -at- nordson -dot- com>
To: TECHWR-L <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Tuesday, May 01, 2001 11:26 AM
Subject: RE: Is IT growth slowing?
>Connie Giordano Says:
>"I do believe that much of what has occurred in the last few months is
>hype. But, being in North Carolina, which has an interesting mixture of
>financial powerhouses, old-fashioned manufacturing and a growing IT
>industry, I have begun to realize that there is more than the usual media
>hype going on. I wonder how much of the economic downtown is really caused
>by displacement of whole sectors of the economy--we are moving to an
>information-based economy at an incredible rate. Companies founded in the
>manufacturing economy not only have to deal with the change in the basis of
>the economy but also upgrading their infrastructures to support their
>niche, then some painful displacement is going to occur.
>At the same time the old economy is being displaced the information economy
>has to mature--kind of makes for interesting times to say the least. But
>the IT industries follow the old manufacturing model, then those companies
>that deliver added value will survive, those that merely deliver product
>likely to evaporate or be absorbed.
>So history repeats itself again ......."
>Groan. According to Connie, manufacturing is just a little niche in the
>economy, doomed to displacement by the "information economy". SOunds to me
>like a typical statement by a totally blind to the world "New Economy"
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(large section removed)
>One last question...how many $15-20/hour jobs does the information economy
>provide right now for low-skilled workers with high school educations? How
>will the information economy replace the high-paying manufacturing jobs
>when manufacturing companies move overseas? Will the displaced workers all
>be able to write technical manuals, or develop GUIs or software? I doubt
>nklasovsky -at- nordson -dot- com
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