India's population is roughly 1.2 BILLION people. China's population is roughly 1.3 BILLION people. If just 10% of those 2.5 BILLION people earn college degrees, we are looking at a work force of 250 MILLION college educated workers in India and China. The USA has roughly 300 MILLION total people. China and India are poised to have nearly as many college educated workers who will work for 1/3 (or less) of the wages of an American worker than we have total people all just one mouse click away via the internet and global communications. Anything that can be automated and hasn't already been automated will be, and it will moved to the workforce with the highest education and lowest cost. Anything that can be determined with a formula (banking, accounting, computer programming) will also be done elsewhere. America is going to have to "out-innovate" the rest of the world to stay competitive.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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