In my discussion a few days ago about the Anita Borg get-together at Google, I discussed the impact of outsourcing, the loss of tech jobs, and parents refusal to pay for science degrees as interconnected.
Karl Schoenberger of the Mercury News SF Bureau actually decided to drill down on some of my assumptions. So for those of you who wanted more, I’m going to let him cross-examine me for your reading pleasure:
Karl: I can see how taxpayers subsidize free trade when the US Treasury and the Fed have policies in place that weaken the dollar against foreign currencies, making our merchandise trade more competitive.
Lynne: As seen with such stars as Enron, you can do a lot with clever macro economics. Lots of fast, little transactions add up fast. And it can take a while before the accountants with the eyeshades see the net conclusion.