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The World is Flat T. Friedman
This book is about the digital revolution and how its going to affect our lives. An analogy is drawn in the book to the industrial revolution. Paraphrased "This book would be like a foreshadowing the industrial revolution but for the digital age"
To start this one off, he explains how if illegals didn't take low wage jobs, the wages for those jobs would be higher. This is because as the high tech sector expands less people would be available to take the manual labor.
Then he explains the dot com bubble and how it effected telecommunications. In a rush to be first, a lot of people dropped money into fiber optics. Because of so much competition they didn't make the expected profits. As the weaker companies started to sell off for ten cent on the $, technology improved allowing faster data transmission. So this caused a snowball effect, which made more companies sell for TC/$. CAPITALISM @ IT'S FINEST, AND THERE WAS NO BAILOUT. Now we have very fast very cheap data transfer which was not available i/t 1930s.
Now this data speed is making the world flat, anyone anywhere can get more information than they can digest in a matter of moments. This allows the digital image driver photo your state sold for a penny, to a company in CT, to be pulled up @ a moments notice by who ever has access to them. It allows 12000 people to play poker from there home for free, and @ 1:05pm est when registration 10K seats opens it takes less than 10sec to fill up. That happens every day.
So we have the edge, right?
Then he goes to India where the "a lot of our jobs are going overseas" expression comes from. In India answering a phone is a good job w/ above avg pay, in America it is low end and low pay. Why wouldn't you pay 1/3 as much for a voice, to people who appreciate it more. They even train over there to sound more American, and they usually change their name on the phone.
But this is deceptive, because the nail he is trying to drive home is not that other countries want to take our low end jobs. If you are 1:10^7 in India there are over 1000 people like U in the country, China > 1300. He wants us to realize they are trying to take our high end jobs. Boeing hires Russian aviation engineers. Most university math departments are headed by Asian. And they are good @ it, that is why affirmative action drags the system down. When you can find an Australian radiologist wide awake to read an X-ray in the middle of the night, why have a full time staff position?
An eyeopening read as to how this world is progressing, unless you just want to build a bunker and hide from it.
Please tell me you comprehend the logic behind this.
"The Forgotten Man" by Amity Shlaes. Also, "Mr. Republican a biography of Robert A. Taft" by James T. Patterson.
The World is Flat T. Friedman
This book is about the digital revolution and how its going to affect our lives. An analogy is drawn in the book to the industrial revolution. Paraphrased "This book would be like a foreshadowing the industrial revolution but for the digital age"
To start this one off, he explains how if illegals didn't take low wage jobs, the wages for those jobs would be higher. This is because as the high tech sector expands less people would be available to take the manual labor.
Then he explains the dot com bubble and how it effected telecommunications. In a rush to be first, a lot of people dropped money into fiber optics. Because of so much competition they didn't make the expected profits. As the weaker companies started to sell off for ten cent on the $, technology improved allowing faster data transmission. So this caused a snowball effect, which made more companies sell for TC/$. CAPITALISM @ IT'S FINEST, AND THERE WAS NO BAILOUT. Now we have very fast very cheap data transfer which was not available i/t 1930s.
Now this data speed is making the world flat, anyone anywhere can get more information than they can digest in a matter of moments. This allows the digital image driver photo your state sold for a penny, to a company in CT, to be pulled up @ a moments notice by who ever has access to them. It allows 12000 people to play poker from there home for free, and @ 1:05pm est when registration 10K seats opens it takes less than 10sec to fill up. That happens every day.
So we have the edge, right?
Then he goes to India where the "a lot of our jobs are going overseas" expression comes from. In India answering a phone is a good job w/ above avg pay, in America it is low end and low pay. Why wouldn't you pay 1/3 as much for a voice, to people who appreciate it more. They even train over there to sound more American, and they usually change their name on the phone.
But this is deceptive, because the nail he is trying to drive home is not that other countries want to take our low end jobs. If you are 1:10^7 in India there are over 1000 people like U in the country, China > 1300. He wants us to realize they are trying to take our high end jobs. Boeing hires Russian aviation engineers. Most university math departments are headed by Asian. And they are good @ it, that is why affirmative action drags the system down. When you can find an Australian radiologist wide awake to read an X-ray in the middle of the night, why have a full time staff position?
An eyeopening read as to how this world is progressing, unless you just want to build a bunker and hide from it.
Please tell me you comprehend the logic behind this.
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