Re:There is only one way to keep tech jobs in US&a
Posted by: Anonymous Coward
on March 16, 2004 06:13 AM
Lowering exchange rate is not the solution. You will not get a better economy with this method. Just look at the result between France and Germany. Since the ’70, there was a link between France and German currency. As the French economy had problem to face competition, the French government was regularly making devaluation (a French franc value lost 5 to 10 % each time) and explaining it will help the local industry. What was the result ? Companies found it would be easier to put pressure on the government to get a new devaluation than to adapt to the new situation. Just look around you, how many French cars do you see ? or any other French products ? The Internet speculation bubble blew and we (in Europe or USA) have to adapt to the new situation (working in an other field, making a technology change<nobr> <wbr></nobr>..) and not expect an artificial solution, which will make things getting worse
PS : software engineer in France is not better than in US. Internet bubble vanished here also. And the new technology change, if any, will not appear here (lower investment in IT, smaller market)
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Re:There is only one way to keep tech jobs in US&a
Posted by: Anonymous Coward on March 16, 2004 06:13 AMJust look at the result between France and Germany. Since the ’70, there was a link between France and German currency. As the French economy had problem to face competition, the French government was regularly making devaluation (a French franc value lost 5 to 10 % each time) and explaining it will help the local industry.
What was the result ?
Companies found it would be easier to put pressure on the government to get a new devaluation than to adapt to the new situation. Just look around you, how many French cars do you see ? or any other French products ?
The Internet speculation bubble blew and we (in Europe or USA) have to adapt to the new situation (working in an other field, making a technology change<nobr> <wbr></nobr>..) and not expect an artificial solution, which will make things getting worse
PS : software engineer in France is not better than in US. Internet bubble vanished here also. And the new technology change, if any, will not appear here (lower investment in IT, smaller market)
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