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On Sat, 30 Oct 2010 11:52:03 -0400, wrote:

On Sat, 30 Oct 2010 07:43:04 -0400, Wayne.B
wrote:

On Sat, 30 Oct 2010 00:55:26 -0400, wrote:

Most of the profit is in marking up chinese goods and selling them. We
still do not make much here anymore.

There are some notable exceptions however including your old employer,
IBM. One of the things that stood out on our recent European trip is
the large amount of new looking John Deere and Caterpillar equipment
that is being used over there. Both of them are obviously doing
something right.

IBM doesn't make much here. They are very profitable because they sell
offshore equipment at premium prices and broker offshore technical
assistance. They make heavy use of contractors and business partners
here in the US. They are hiring because they have laid off or retired
all of the higher paid employees. My only warning to kids taking those
jobs, is watch your back.

When would that not be the case? Hardly anyone stays at a company to
retirement any more, but that's been the case for a while now.