Reply #9: But the US is quickly NOT becoming the technology producer for the world [View All]

[kcwayne]

If you sell a piece of technology in China, they will copy it and cut you out of the opportunity. They simply do not respect patent law.

Every major technology company is moving its engineering and software development overseas. Every pharmaceutical company is setting up research and manufacturing operations in cheap labor countries.

The list is endless. Technology and NAFTA/WTO have collided to remove all barriers from corporations from moving their means of research, engineering, and manufacturing to lower cost labor forces.

The only opportunities in the US are those that require face to face interaction, such as direct medical care and sales. When my daughter is ready for college in 5 years, I will guide her away from anything that can be done overseas. If she wants to be a doctor or a sales person, college might be worth the expense. There isn't much else besides food service or retail, and wasting $150-$200 grand on college to end up with a $15,000 a year job doesn't make sense. You can read alot of classic books in the library for free (at least as long as the economy is stable and they have not filled the libraries up with religion books) if the only prospect you have is to use your degree to operate a cash register.