From: John Young <jya@pipeline.com>
To: cypherpunks@toad.com
Message Hash: e9265a3904af308bf23f1b8180d8d583581e3815a81e77e95c8e1de952f60f81
Message ID: <199508281259.IAA13107@pipe2.nyc.pipeline.com>
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UTC Datetime: 1995-08-28 12:59:31 UTC
Raw Date: Mon, 28 Aug 95 05:59:31 PDT
From: John Young <jya@pipeline.com>
Date: Mon, 28 Aug 95 05:59:31 PDT
To: cypherpunks@toad.com
Subject: JOB_les
Message-ID: <199508281259.IAA13107@pipe2.nyc.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain
8-28-95. NYPaper, Page One lead:
"Skilled Workers Watch Their Jobs Migrate Overseas. College
Educated Foreigners Are Doing High-Technology Tasks for Far
Less Pay."
The new tools of the information age were supposed to
help the United States regain an edge in international
competition. And while that has happened in many
advanced-technology industries, the combination of
powerful personal computers and high-capacity undersea
telephone cables is also subjecting millions of
white-collar Americans to the same global wage pressures
that their blue-collar counterparts have long faced. As
with steel and garment workers, the white-collar
workers' positions and salaries increasingly depend on
whether they can justify their higher pay with higher
productivity. Many fear that the growing tendency of
corporations to farm out tasks to developing countries
is widening the gap even further between the rich and
everybody else in American society by eliminating some
categories of high-skill, high-wage jobs that make up
the heart of the middle class.
"Dissecting the information revolution (in advance): With
a look at one of Newt's Laws and at 'friction-free
capitalism.' " [Expands on last week's Aspen article]
The Aspen conference provided some people with their
first exposure to Newtonion economics -- which appears
to be the information-age equivalent of Ronald Reagan's
trickle-down economics. It is called "friction-free
capitalism." Nathan Myhrvold noted that one can now
order custom-fit blue jeans directly from the
manufacturer.
Double trouble: JOB_les (17kb)
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