Replies to post #113612 on Biotech Values

[jq1234]

Don't care, they are still COMING HERE and staying here, and their kids are becoming American, and they are not going back. Says something.

The trend starts to reverse from eastern Asian countries already.

Nothing has changed other than now the Third World is actually turning capitalist from Brazil to India to China!

That's the dramatic change. We are not prepared for the change and shift.

We won! That was our entire goal since the Cold War began. And yet still, these highly skilled immigrants are coming to America.

That's a simplistic view, and quite ironic win. Americans are squeezed from both ends than ever before: we can't compete against low cost labor manufacturing, and at the same time, we depend on other countries for the supply of higlhly technical professionals. Our high unemployment will continue after temporary employment distortion during housing bubble.

I am not one of the gloom and doom, don't think we are going down in flame. However, if someone can't see the declining trend, and gradual decline of average American living standard, and sit on the gospel of we are the greatest, he hasn't traveled around the world lately.

By the way, I am not for those short term solutions like tariff and restriction. We need to find new way to grow. American's economic history in last 70 years can be divided into the following period: post WWII rapid growth through 1960s due to demand for American goods by the rebuilding of Europe and Japan devastated by WWII; stagnation of 1970s once that demand declined; revitalization driven by American consumer through 2007. We hit the wall. Something new is needed in this new global economy.

I agree with this column completely:

http://www.reuters.com/article/2011/01/20/businesspro-us-column-china-ge-idUSTRE70J5JZ20110120