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Originally Posted by stereolab
well, perhaps an economy doesn't need smokestacks to be healthy. perhaps we really have evolved into 'the information age'. it's just too bad that this kind of shift really divides the haves from the have-nots. i feel for those currently liviing on RE-FIs and ARMs assuming that property values can only go up. hard times ahead for some. IMHO for what it's worth.
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Everyone in this country moving into the information age would mean that the skill level of all employees who lost production jobs would have to increase dramatically. That probably will not happen. There is a large segment of the american population that has only worked in largely unskilled or ultra specifically skilled production jobs their entire lives. Right now it seems that their fate is sealed. I hope its not the case.