My Dearest Wife:
Today I need to tell you some good news and some bad news. I decided to tell you the bad news first because when I tell you the good news you will understand the bad news isn’t all that bad. However, before I start it is best to remember our journey together and what we achieved with our lives as a couple and family.
Who ever thought when I first met you in college we would be married. I needed tutoring in calculus and you were a math major. We both went on from college and achieved our professional goals. You become an actuary and I become an economists. I cannot thank you enough for supporting me while I pursued my PhD in Economics.
We then focused our attention on raising two beautiful children, gave them emotional and financial support to help them achieve their passions. Read More →
An advanced industrialized nation’s labor force disparity with global tradeable services can become more favorable if mentoring is adapted and recognized as a competitive advantage.
In the global labor force a computer programmer with 10+ years’ experience is equal in abilities. However, only the advanced industrialized nations have many computer programmers with 35+ years’ experience. That holds true in many tradeable service sector industries. Read More →
In international economics there is a product life cycle concept. It basically means innovative products that originate in America will eventually be lost to foreign manufacturing. This is mainly caused by cost differences between countries. The only way for the American economic system to stay healthy is to keep being innovative.
The product life cycle has several stages:
- Create and Sell Product Domestically
- Expand Product to Foreign Markets
- Foreign Markets Growth Supports Local Mfg. & Distribution
- Manufacturing & Distribution Cost Cheaper in Foreign Market Export to America
- American Manufacturing is closed
The same company owned both manufacturing facilities, Read More →