Total US employment for EE's (BLS) 2000 = 444,000 2005 = 325,000
Computer Hardware engineers 2000 = 83,000 2205 = 81,000
The article states that those analyzing of the numbers don't know what has happened to the missing workers. They surmise that they may have left the profession.
Is this a consequence of less demand since the telecom bubble burst or is it a sign that more work is being done elsewhere? They don't know.
We already know that X-rays and other medical test results are being read by doctors in India, so the promises of being an educated professional may not be true too much longer either.
To get back to the main point of "trade". As long as there is no cost assigned to social dislocation, resource depletion, pollution and monetary revaluation determining whether trade is beneficial is based upon an unrealistic, oversimplified model. This has been documented by several recent critics of the World Bank/IMF model of development. Two such are Joseph Stiglitz and William Easterly. The both have books out and are both former employees of the World Bank.
But why should we listen to them when we can refer to Ricardo as if he were the last word in economic theory? Policies not Politics ---- Daily Landscape
