Can America compete?

[Mr Durian]

http://www.fortune.com/fortune/artic...1269-1,00.html

An interesting article I found discussing the issue of international competiveness of America. It states that Americans are increasingly lacking in the technology sector and also in work ethic/wage competiveness which makes outsourcing a very attractive method for companies. This undenialbly affects the standard of liviing in America. It talks about the education system and how immigrants from overseas that contribute significantly to the American Tech sector are now a)studying in the US but moving back to their home country b)just studying in their own home country. It also further discusses the issue that the US education system is now no longer churning out enough engineers. (alot of this can be contributed by culture and media)
This all has an impact on the standard of living which depends on the technological edge that is so much needed to stay on top in the world economy.

Of course I don't mind the concept of spreading the wealth, it will help the world. This means that Americans' standard of living will need to compensate for this new equilibrium in wealth. I'm not so worried about it, but people on other forums don't like the idea and prefer the current status quo.

Discuss.